Often it takes a catalyst to deed a marketplace out of a trading range. Following the recent Twitter post, depository fiscal establishment complaint how nosotros moved sharply lower inward the ES futures (bottom chart) every bit yields backed upwards inward 10-year Treasuries.
This represents an of import epitome shift. When nosotros had the recent marketplace weakness, Treasuries were viewed every bit a security haven together with saw buying when stocks sold off. Now falling Treasuries together with ascension involvement rates are viewed every bit a potential threat to economical recovery, weighing on stocks.
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