As you know, we are seeing very strong price action on US yields, with both the 2 year and 10 year yields breaking sharply to the upside. This is basically a bullish continuation after the higher CPI and PPI figures in the US, and with yields extending to new swing highs, the dollar is moving higher as well. Of course, this is one of the reasons why stocks could also see some pullback. It does not necessarily mean that a new bear market is starting, but it may not be a bad idea to stay patient and be prepared for some pullbacks, especially if we consider that US yields may still have plenty of room to the upside if this breakout is ocnfrimed at this levels with a weekly close price.
Watch closely what happens around 4.62 on the 10 year yield, which could be the next important target area. That is basically the same swing zone from last April when Trump announced the tariff changes.
When it comes to stocks, one thing they can keep them up, is good news from the Middle East or from US-China meetings. But I woudl still rather aim for A-B-C pullback first on SPX, rather than chasing market here.
GH
Watch closely what happens around 4.62 on the 10 year yield, which could be the next important target area. That is basically the same swing zone from last April when Trump announced the tariff changes.
When it comes to stocks, one thing they can keep them up, is good news from the Middle East or from US-China meetings. But I woudl still rather aim for A-B-C pullback first on SPX, rather than chasing market here.
GH
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