The action over the past two days are strange and reinforce sitting tight for now. Yesterday, the 10-year U.S. Treasury yield was down yet the cyclicals (especially banks) outperformed. Weird. Then today we have the 10-year yield up a bit and the cyclicals are weak (especially banks). My point is that when the market is weird it makes no sense to take a strong stand.
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.