Friday, February 26, 2021 3:00 PM EDT
The 10-year U.S. Treasury Note yield is on the move lately. In the near term, yields are a bit stretched and overbought, but ultimately they are headed a lot higher. My overall projection brings the 10-year note to around the 2.60 to 2.80% level. As far as higher yields affecting stock prices negatively, that is the story of the day right now.
Remember, lower rates usually mean higher valuation. Ultimately, all correlations break apart and I’m never smart enough to figure out the story. This is why I use charts as my primary trading method.
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Disclaimer: All comments made by InTheMoneyStocks, LLC and its subsidiaries, instructors, and representatives are for educational and informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. InTheMoneyStocks, LLC and its representatives assume no responsibility for your trading and investment results. All information on the website was obtained from sources believed to be reliable., but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. InTheMoneyStocks, LLC, its employees, representatives and affiliated individuals may have a position or effect transactions in the securities herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves a very high degree of risk. Futures and Options trading are not suitable for all investors. Past results are not indicative of future results. InTheMoneyStocks, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment results.
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