The bond market is doing what the Federal Reserve hasn’t — raising rates. The fear is something is going to break.
On this week’s edition of StockCharts TV‘s Halftime, Pete reviews the TLT chart again, talking over the US 2-year yield less the US 10-year yield. The 2/10 spread could go up, and, if that happens, it would put further pressure on the TLT. He issues a warning to watch the unemployment rate for further signs of a weakening economy.
Pete also reviews AAPL and NFLX, which have changed trend to the downside by breaking down on the Relative Strength indicator. He wraps up the show by highlighting several other names that are also breaking down, including AutoNation, Weyerhaeuser, TopBuild Corp, and Quanta Services.
You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.