The Treasury Market Stands at a Critical Level
- The Russell 2000 small-cap stock index is outperforming like it did in late 2023. If it can take out its late December highs, it will be quite bullish for this part of the stock market.
- Today’s CPI number could be very important for both the bond and the stock markets. Long-term Treasury yields are testing a very important resistance level…and their prices testing key support. Therefore, if (repeat, IF) these levels are broken, it’s something that will have a big impact on the fixed income asset class…and could have a big impact on other asset classes as well.