According to this article over at ZeroHedge there is a good possibility of stronger than expected economic news with Friday's job report, and this could be the catalyst that finally catapults yields higher. It is well worth reading. I don't have an opinion either way but I did present my plan in the prior article.
How equities react is another matter entirely as they appear to be pricing in all sorts of good news. Good economic news may see yields increase but stocks decrease as market participants worry about the withdrawal of Fed stimulus and higher interest rates.
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