The consensus is often wrong. That may be the case now am...

The consensus is often wrong. That may be the case now among those who think we are still in a bond market rally. Investors have lost sight of the fact that the yield on the ten-year note hit bottom in May 2013. (This graph is courtesy of Yahoo.com/tnx.)


Cash is flowing out of fixed-income and into equities. While there will be volatility in both markets, we may be reversing the 30-year rise in bond prices; that could support a long bull market in equities.
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