$NDX $SPX still trending up. Path of least resistance? Higher.
If bond yields top out and start rolling over, we'll get a nice tailwind on top of the usual positive seasonality. That's the setup I'm watching — yields peaking would remove a major headwind and let this market run.
Staying constructive here. Trend is your friend until it's not.
If bond yields top out and start rolling over, we'll get a nice tailwind on top of the usual positive seasonality. That's the setup I'm watching — yields peaking would remove a major headwind and let this market run.
Staying constructive here. Trend is your friend until it's not.