Risk-On for Equities!
By Jim Dondero | February 19, 2015
- The big news this week is that US stocks have ‘broken out’ of their recent trading ranges to the upside. The consumer discretionary and technology sectors continue to lead the way higher, which is good news for the bulls.
- Overseas markets continued to march higher as well, with the DAX also seeing an all-time high last week. While the tone is not quite as bullish in the emerging markets, they continue to show signs of improvement with China very near a breakout.
- Finally, also moving higher last week were interest rates, with the yield on the 10-yr US Treasury back through 2%. This is also good news for stock market bulls, as proceeds from bond sales are clearly being used to purchase equities.
The views and opinions expressed are for informational purposes only and are subject to change at any time. This material is not a recommendation, offer or solicitation to buy or sell any securities or engage in any particular investment strategy and should not be considered specific legal, investment or tax advice. There is no guarantee that any of the forecasts will come to pass. Past performance is no guarantee of future results.