Lions! Bonds Sell Off, And This Is A Set-Up For A Move Higher In Stocks. By Gregory Mannarino
OK my friends, here’s the story.
Today we are seeing a significant selloff in the bond market which is pushing the 10 year yield higher, at the time I am writing this article the 10 year is at 2.303%.
So what this tells me, and should tell you, is all of this cash which is leaving the bond market is simply going to look for a place to go, and in my opinion, in this environment, is going to pile into Stocks.
I had recently written article with regard to Apple, ticker AAPL, and I had said to get AAPL on your radar and watch for a rebound, well that time is here... (patience always pays off).
As I always say, watch the bond market and it will give you clues as to where to put your cash to work, and right now it’s back into equities.
Happy Trading!
Gregory Mannarino
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Noticed this today also. The stock market only knows one way now, and that is up. We're so overdue for a correction, but the tptb I feel will keep pumping this market until they don't.
Thank you
Excellent! Let the Bulls RUN!
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