Talk about Independence Day!
The Dow added nearly 650 points this week gaining 5.4 percent. This marks the best week for stocks since the Bull Market began in March of 2009. Meanwhile the Bond Market got destroyed. The 10-year note had its worst week since August 2009. Yields jumped 33 basis points to end the week at just a hair under 3.20%.
Here is this week’s performance (broken down into 10-minute time frames) of the $IEF, representing US Treasuries and the $DJIA, representing US Stocks: