• Except for a 3-month period this past fall, the yield on the 10yr note stands at its highest level since 2007!  Therefore, if tomorrow’s inflation data pushes yields higher (like the CPI report did 2 weeks ago), it just might cause stock investors to finally react to this year’s change in trend in bond yields.
  • The Russell 2000 is extremely close to a very important resistance level.  Whether it breaks above that level…or fails once again…could/should be important as to whether the stock market can broaden out further.  (Tomorrow’s inflation data could have an impact on this situation as well.)


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