Why stock market investors should wait for the 10-year Treasury to 'blink'

In 1984, once the 10-year yield topped out near 14% in June (see chart), it then took only a few more weeks for the S&P 500 index to bottom. The S&P 500 then surged in August, even before the central bank ended its tightening cycle with the. Bond investors blinked in 1984 months before the Fed stopped raising rates and stocks surged higher. Leuthold Group A similar patterned emerged in the tightening cycles of 1988-1990, 1994-1995 and it... + full article