10 Year Bonds are the centerpiece of the financial industry. It's going to make a big decision soon next month. If it rallies, then the banks stocks will have an astronomical rally. That will sustain the rally for the NASDAQ and the SP500. If it goes under, then we may relive 2000-2002 all over again. If the 10 Year Bonds fall, the financial sector will fall. As a consequence, NASDAQ and SP500's multi month rally will come to an end if this happens.
That decision seems to be in early or mid-August. Until then, I will long at major supports.
That decision seems to be in early or mid-August. Until then, I will long at major supports.