{"id":16794,"date":"2018-08-04T01:54:54","date_gmt":"2018-08-04T01:54:54","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=16794"},"modified":"2018-08-04T01:54:54","modified_gmt":"2018-08-04T01:54:54","slug":"yields-rise-but-will-stocks-fall","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/08\/04\/yields-rise-but-will-stocks-fall\/","title":{"rendered":"Yields rise but will stocks fall?"},"content":{"rendered":"

Yields on 10-year US Treasuries are again testing resistance at 3.0 percent. Breakout seems inevitable.<\/p>\n

\"10-Year<\/p>\n

The long-term chart shows how breakout would complete a double bottom reversal, after a 3-decade-long secular bull market in bonds\/down-trend in yields.<\/p>\n

\"10-Year<\/p>\n

While most major stock market down-turns are caused by falling earnings expectations rather than revised earnings multiples, I do agree with Hamish Douglass<\/a> that rising yields are likely to soften stock valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yields on 10-year US Treasuries are again testing resistance at 3.0 percent. Breakout seems inevitable. The long-term chart shows how breakout would complete a double bottom reversal, after a 3-decade-long secular bull market in bonds\/down-trend in yields. While most major stock market down-turns are caused by falling earnings expectations rather than revised earnings multiples, I … <\/p>\n

Continue reading “Yields rise but will stocks fall?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,6,34],"tags":[70,3859,3860,3861],"class_list":["post-16794","post","type-post","status-publish","format-standard","hentry","category-earnings-dividends","category-fixed-income","category-us-canada-countries-regions","tag-10-year-treasury-yields","tag-bond-bull-market","tag-double-bottom-reversal","tag-secular-trend"],"yoast_head":"\nYields rise but will stocks fall? - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yields rise but will stocks fall? - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Yields on 10-year US Treasuries are again testing resistance at 3.0 percent. Breakout seems inevitable. The long-term chart shows how breakout would complete a double bottom reversal, after a 3-decade-long secular bull market in bonds\/down-trend in yields. 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The stronger inflation outlook lifted the yield on 10-year Treasury\u2026","rel":"","context":"In "Gold & Precious Metals"","block_context":{"text":"Gold & Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"5-Year Inflation Breakeven","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-12-inflation.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-12-inflation.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-05-12-inflation.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":17081,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/09\/22\/how-will-a-bond-bear-market-affect-stocks\/","url_meta":{"origin":16794,"position":3},"title":"How will a bond bear market affect stocks?","author":"Colin Twiggs","date":"September 22, 2018","format":false,"excerpt":"10-Year Treasury yields broke out of their triangular consolidation at 3.00%, while the Trend Index recovered above zero signaling a fresh advance. Importance of resistance at 3.00% is best illustrated on a long-term monthly chart. Yields declined for more than three decades (since 1981) in a bond bull market but\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11568,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/02\/18\/gold-and-the-bull-trend-in-bonds\/","url_meta":{"origin":16794,"position":4},"title":"Gold and the bull-trend in bonds","author":"ColinTwiggs","date":"February 18, 2015","format":false,"excerpt":"10-Year Treasury Yields found support above the December low of 1.40%, recovering above medium-term resistance at 2.00%. The outlook is hardening around a Fed increase in short-term rates by mid-year. A higher trough would suggest that the long-term down-trend in yields, shown below on an annual chart, is coming to\u2026","rel":"","context":"In "Fixed Income"","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"10-Year Treasury Yields","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-18-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-18-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-02-18-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":16081,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/01\/25\/how-qe-reversal-will-impact-on-financial-markets\/","url_meta":{"origin":16794,"position":5},"title":"How QE reversal will impact on financial markets","author":"Colin Twiggs","date":"January 25, 2018","format":false,"excerpt":"The Federal Reserve last year announced plans to shrink its balance sheet which had grown to $4.5 trillion under the quantitative easing (QE) program. According to its June 2017 Normalization Plan, the Fed will scale back reinvestment at the rate of $10 billion per month and step this up every\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2018\/01\/2018-01-24-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2018\/01\/2018-01-24-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2018\/01\/2018-01-24-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=16794"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16794\/revisions"}],"predecessor-version":[{"id":16795,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/16794\/revisions\/16795"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=16794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=16794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=16794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}