SPX & 10Y yield (last 6M)
SPX and 10Y yield for the last 6 months: The correlation is perfect. It is quite natural but not always with such a high correlation degree.
You can check the 2 last rebounds of about 1M each… On this picture, the odds are again in favor of a continuation of the upside as long as TNX has not reach a level of about 3.8%… (3.5% today)
It will be chaotic and it is plausible that we stand @ about half the present rebound duration?! Let’s observe the forces in the next days…
