It is making what I believe is a bull flag. If you agree, and from your daily guesstimates it appears that you do, then why are you bearish on equities?
In the past you have explained that rising rates signal the market's expectation of future growth. Why is it different this time?
1 comment:
Carl,
Here is a daily chart of the ten year note.
http://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&id=p12980502984
It is making what I believe is a bull flag. If you agree, and from your daily guesstimates it appears that you do, then why are you bearish on equities?
In the past you have explained that rising rates signal the market's expectation of future growth. Why is it different this time?
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