Interest Rates, Biggest Risk at this Time
Market players seem to believe stocks have another leg up. But the great equalizer is waiting in the wings, the ten year rate. The hoped for reopening boom is the driver behind all this. Will it really happen?
Simple swing analysis indicates a move to 3.024 %, measured by the 2020 low of 0.360 % to current 1.692 swing level, times 2, offsetting the 2019 down rate panic.