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The benchmark ten year treasury finished down on Tuesday, which means that interest rates have gone up.
With the close at 2.96% that means that the 10 year treasury rates have gone up 100% since May.
And sure some of that is taper talk, some of that Syria, some of it's uncertainty. But that kind of movement in the 10 year treasury market- the benchmark off of which other interest rates are posted- does not portend well for the stock market.
The stock market follows the bond market. Watch where the bond market's going and you'll have a good idea where the stock market will eventually be.
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