There may be a new reason to adhere to the clever revenue.
According to The Leuthold Group’s Jim Paulsen, the stock and bond markets have been providing opposing messages about the economic recovery’s toughness for months.
But he finds only one particular is frequently ideal: bonds, which foreshadowed slower advancement tied to Covid delta variant hot spots before stocks.
“It was a massive collapse in July the place the 10-calendar year [Treasury note] produce went all the way down to almost 1.1%,” the firm’s main investment decision strategist informed CNBC’s “Trading Nation” on Monday. “It was suggesting that Covid, the