Market Headwinds

simple trading

If you’re looking for a reason (other than more aggressive sellers) that the U.S. equity indices remain muted,  the 10 Year Yield is headed toward 3%.  Money has been getting cheaper and cheaper for the last several years making it easier for US companies to finance their operations.  A rise in bond yields suggests money is getting more expensive and, consequently raising companies’ cost of capital.  This bears watching.