Today’s chart comes courtesy of Eddy Elfenbein at CrossingWallStreet, and it gives the clearest insight into changing investor sentiment: Ever since last August, cyclical stocks and the 30-year Treeeasury yield have surged in tandem.
Meanwhile, today is suggesting a trend on overdrive, as not only are stocks higher, but there’s heavy selling even on the shorter end of the curve.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.