Markets tried hard to rally this week – but was met with strong selling. I lay out both the bullish and bearish case… where I favor lower prices with a S&P 500 target of 3200
"Interest Rates / Bonds"
Fed Gets another ‘Green Light’
September’s strong jobs report gave the Fed more scope to continue with their aggressive rate hikes. Unfortunate a Fed “green light” is a stock “red light”
Tread Carefully…
The two biggest headwinds facing stocks are higher rates (bond yields) and the US dollar index. Both are yet to peak or show signs of a downward trend. And until they do – we can’t call a bottom in equities.
Forget Stocks… It’s All About Bond Yields
Where bonds go – so go equities. As bond yields surge to new highs – with the 2-year yield now well above 4.0% – stocks are almost certain to trade lower.
For a full list of posts from 2017…