Creating New Bears
July 9, 2021
We're seeing the lowest amount of bond exposure in my entire life!
And the highest stock market exposure in decades!
The break in yields this week is a big one.
Here's a long-term look at that key 1.4% level in the 10-year. And then the zoomed in look at the past week.
Looks like a big break to me:
Our upside objectives have been met in many of the most important stock market indexes. Meanwhile, bonds have been breaking out.
Messy for longer remains the message of the market.
Monthly Strategy Session
If you haven't gone through the video of this week's call, make sure to head over to the members section and give it a watch. You can also download all of the slides there as well.
Monthly Charts Strategy Session July 2021
Ping me to let me know what you think!