Jamie Saettele, CMT
Scandinavian Capital Markets
In October, I warned of an important behavior change in U.S. stock markets and also identified the bond market low. Major U.S. indices have rallied 10%+ in the last 4 weeks after entering ‘bear market’ territory. So, what now? The DJIA has returned to a major long term parallel and the 10 year U.S. T-yield is a few ticks shy of old lows (charts below). I’ll go out on a limb and say that these markets are testing important barriers. Obviously, macro implications are significant. Good luck!
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DJIA Weekly
10 Yr U.S. T-Yield Weekly
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