HOLD YOUR NOSE A hot inflation print has caused a climactic sell-off in interest-rate sensitive bonds and stocks. That includes utilities and financials. Here are a few charts. 1) First is a chart of Capital One's Preferreds. As price goes down, yield goes up. Those preferreds have falled quite a bit. These now generate a yield return of 7.6%. That's enticing for income investors. And, they are now at technical levels where buyers historically step in. 2) Another chart here is $TLT. Those are long-term Treasury bonds. Notice they are rising despite a hot inflation print today. Also notice the strong capitulation type volume about one week ago. 3) Also shown here is the Muni Bond ETF $MUB. Notice the sharp volume climax... and prices are higher than one week ago despite higher
View on X ↗