bullish
Weekly Stock Bullfinder - Week of 10/24
SUMMARY
- This past week, 10 year Treasury yields continued to march higher, with the 10 year Treasury yield eclipsing above 4.2% for the first time since 2008.
- Treasury yields have now gone up almost in a straight line the 12 straight weeks.
- After tough “Fed speak” for the past few months, the market appeared to pick up upon hints of dovish Fed commentary on Friday which was coupled by the “Fed whisperer” Wall St. Journal reporter indicating a “step down” from aggressive rate hikes may be soon on the horizon.
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