Weekend Nov 14 2020
DJIA had a big move up Monday over 1600 points. It gave back about half the move that day. Since then the market has chopped around but held above the break out level. Financials had a good week as interest rates increase.
The same is true for our proxy stock Cullen Frost.
We got a Dow Theory buy signal in that Industrials and Transports both moved to new highs one confirming the other.
Small caps held their break out level as well.
Last weekend we noted the bi polar negative mood of the nation. It is not however showing up in broad stock prices so higher prices lie ahead.
Rising Interest Rates
This move percentage wise is huge! No one on the Biden team is noticing this or considering how it will effect his multi trillion dollar spending plans.
TBF A Bear Bond Fund Price moves up as bond prices move down
coming at the end of the interest rate crash from 1981 - 2020 this could be a long term hold for years.
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