• How many people realize that the yield on the U.S. 10-year Treasury note has only traded higher than where it stands today for FIVE weeks over the past 17 years?  This would not be a big concern if the stock market was trading at 16x forward earnings and 1.4x sales.  However, at today’s very elevated valuation levels, it means investors need to be careful about assuming that what has work over the past six months in the stock market…will work over the rest of this year.
You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Before the Open and All-Access tiers only

Try 14 Days Free