A Market Timing Report based on the 11-08-2013 Close published Sunday November 10th, 2013
The 10 Year Treasury yield continued moving up in a big way on Friday after the employment report. The Fed is using employment as one of their metrics of monetary policy success, so rising rates mean the market feels the Fed will be tapering QE (Quantitative Easing) soon.
Rising rates will continue to pressure bonds and interest rate sensitive stocks as I pointed out last week to my free subscribers in the free monthly newsletter; get the password via the link below. Rates also push hard on emerging markets that need lots of capital to keep growing fast, so I was forced to adjust my opinion quickly on when to enter them. They do have excellent value, but short term will be pressured by rising rates. The answer is on the website on the “WSSSR Access” page.
Here is the interest rate chart for the 10 Year Treasury Note:
I believe the Fed may start to push back when rates hit the 3.0% mark or thereabouts.
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