Besides sector rotation seeing defensive sectors rotate in today despite the move up, Credit and Yields have been excellent leading indicators for reversals and they are on the right time frame.
High Yield Credit continued divergence with the SPX
Yields also with a continued SPX divergence
These have been excellent signals in the past for quick reversals.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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