This chart from today's Early Look by Keith McCullough shows bullish breakouts in oil and 10-year yields as inflation remains "hotter than expected."
We’re no longer short of either oil or energy stocks. Like bond yields, both are signaling bullish Trade and Trend.
- Oil (WTI) INFLATED another +3.1% last week to +9.2% in the past month.
- UST 10yr Yield was up +12 basis points last week.
Old Wall’s 60/40 retirement accounts don’t work when INFLATION sticks and/or is HIGHER FOR LONGER because:
A) Bond Yields stop going down … and
B) Then Bond Yields go up, again!
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