HEAD & SHOULDERS IN RATES
5 Year US Government Bonds demonstrate a classic H & S bottom.
They say equity market value is RELATIVE to bonds. That is very true. Sky high valuations in stock market are result of cheap money(ie, low rates).
End of cheap money?
If yes, it has serious implications for equity markets!
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They say equity market value is RELATIVE to bonds. That is very true. Sky high valuations in stock market are result of cheap money(ie, low rates).
End of cheap money?
If yes, it has serious implications for equity markets!
Follow us for more!
