🚨🚨🚨 Going to make a stink about #yield again.
Short term #interestrates have been creeping higher. Let's👀@ #bond Yields.
6M = holding steady, trading slightly higher. BUT, 1Yr = BROKE RECENT HIGHS. It's at resistance but shows momentum.
2Yr = Closing in on SVB closure high. This is where #banks began to break down.
10Yr TNX @ current downtrend is being tested. Break through is good. HUH? Higher = good short term for #stocks. Markets have a history of breaking AFTER rates begin to trade lower and yield curve normalizes. This can take a year or so.
Not saying markets will be pumping for a year. Just saying this is historical. We could be setting up for much more upside but with RISK.
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