Interesting to note as it puts questions on a few theories on here....
Last night Bond's where sold.... thus money should have flown into the stock market.
However money flowed out of stocks seeing bond yields rose as it is making stocks pricey.
So we have money getting taken out of bonds and from the stock market.
Likely international owners of US bonds are going to pull funds from the US and then money from US stocks to flow into Bonds.
This is clearly very bearish for the stock market, in coming months we are going to face some bearish issues.... attractive Bond yields gives people plenty of reasons to pull money from a stagnant market.... you can see how the sell off can easily occur.
DOW Price at posting:
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