The R Word

You better hope interest rates didn’t just peak for the cycle with the 10-year failing at 3.05%. So says Ari Wald (technician at OpCo), whose chart this weekend looks at 10-year treasury yield breakdowns as a leading (or coincident) indicator for major turning points in the S&P 500 / economy. Here’s Ari: Looking back at the last economic cycle, the 10-year US Treasury yield peaked coincidentally with an in...

source https://thereformedbroker.com/2018/12/10/the-r-word/