The Market Turns Defensive

This is an instance where charts can say it all. Here’s the relative strength of staples (blue) and utilities (black):

Here are the financials:

And the 10-year yield:

The 10-year yield is now down to 1.46%. Four years ago, it hit 1.39% which was the lowest yield since 1790.

Posted by Eddy Elfenbein on June 27th, 2016 at 12:05 pm

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