Rhody Trader

Here’s something to ponder. Back in 2007 when all of this global economic mess started unfolding 10 yr Treasury yields peaked in June. Stocks did not peak until October. Yields put in an initial bottom in January 2008, while stocks made their first minor low in March 2008. The major low in yields was reached in December 2008, while stocks hit their low in March of this year. That’s a pretty good case for stocks lagging bonds by a 2-4 months.

Now, bond yields made their most recent peak in June (again). Could we be in for another stock peak this month or next? If bonds don’t make a quick u-turn there’s going to be a strong case for it.

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