Rates versus risk

Friday, 15 March 2024

The Market Ear with the latest challenge to the bull market.

Higher for longer trying a comeback

The 10 year yield is making a massive up candle as we take out the 4.2% resistance. Note that we are now above the 200 day moving average and that we are closing in on a potential golden cross. Tech has been immune to rates lately, but rates are still in the driving seat for most other equities.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.