A provocative chart here from BofA/ML takes a look at US equities and bond yields 1900.
The gist is this: US equities have had several periods of sideways action (as seen in the red boxes) that ended when bond yields made a major turn in a different direction.
Right now, there's some belief that bond yields are on the upswing -- signaling a direction turn again -- and if that's true, then history suggests we break out of the red box sideways action in equities and head for a big rally in stocks. Read »
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