The bond ETF’s continue to decline. Interest rates are rising…….
Here are monthly charts of 2 biotechs that had green line break-outs to all-time highs on Wednesday. They may be worth researching.
As of Tuesday’s close, GMI declines to 5, GMI2 to 4.
Sorry for this late post. With the GMI2 at 4 (of 8) half of these sensitive indicators are now negative. And with earnings out and the AAPL event completed, this market may have little to propel it higher until 3rd quarter earnings come out. But let’s not forget the Fed’s impending tightening.