Bill Gross, ex. Bond King, has called the “bond bear market confirmed today,” as he says the 25-year long-term trendlines have broke on shorter-dated maturities.
Gross: Bond bear market confirmed today. 25 year long-term trendlines broken in 5yr and 10yr maturity Treasuries.
— Janus Henderson U.S. (@JHIAdvisorsUS) January 9, 2018
As the UST10Y probes around 2.556, Gundlach made the call of a 2.64 for a breakout…
GUNDLACH: IF 10-YEAR GOES ABOVE 2.63% US STOCKS WILL BE NEGATIVELY IMPACTED
— zerohedge (@zerohedge) January 9, 2018
Taking a look at the UST10Y, 2.64% is a major neckline, if violated to the upside could mean 3-3.30% target…
Interest rate sensitive industries did not like the news today about higher rates. Glancing through our chartbook, we come across the URE/REK Ratio, which appears to be breaking below the 10sma, not seen since early 2017.
Dow Jones U.S. Real Estate breaks the baseline of growth from the near recession miss in early 2016.
S&P500 Real Estate breaks baseline of growth from 1Q16…
And lastly, while the NAHB Housing Market Index is overbought and interest rates could be set to soar. Not one time over the past 30-years has this ended well.