As to the chart, will the SPX play nice or will it look ahead to the implications of a rising yields and what they might do to the economy? SPX continues to deal with the noted resistance area.
Thursday, April 7, 2011
30 Yr Yields head higher... will SPX follow?
Well, the yield has held support and even created a new support level with a breakout this week. If our heroes over at the Ministry of Poliganda do not buy UST's, who will? China, you there? Somebody? Anybody? We are America and we have a right to live on ever expanding credit; did you not get the memo? Hello?
As to the chart, will the SPX play nice or will it look ahead to the implications of a rising yields and what they might do to the economy? SPX continues to deal with the noted resistance area.
As to the chart, will the SPX play nice or will it look ahead to the implications of a rising yields and what they might do to the economy? SPX continues to deal with the noted resistance area.
