jamiesonpa

jamiesonpa

The $T10YFF and $T5YFF, or 10 and 5 year treasury constant maturity minus federal funds rate is a good indicator of how likely it is that capitally intensive growthy stocks will rise in price. This is because investors cycle in/out of bonds/equities as the rates change. You can see in the chart below that the T10YFF has an inverse relationship with the effective...