Here Is What The SPY Is Following Now

Published 06/26/2013, 01:03 AM
Updated 07/09/2023, 06:31 AM

Yesterday, the S&P 500 Trust (SPY) followed the iShares Barclays 7-10 Year Treasury ETF (IEF) virtually tick for tick. Obviously, when bond prices decline this means that yields will rise. At this time, the stock market cannot handle higher rates. If the IEF starts to rise it will usually tell us that the stock market will rise as well. All traders and investors should keep a chart of the IEF up at all times.
IEF

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