Concern over 10 year Treasury Notes Possibly Hitting 3%
The markets seem to always find something to induce volatility. We saw it with oil prices. Then more recently on the VIX going crazy. Now the volatility is said to be tied to the concern that the 10 year T-Note may hot 3%. In fact, Art Cashin says "all hell could break lose." We don't know about all hell but the markets appear concerned.
This morning futures are pointing higher because of reduced interest rate concerns as the 10-year T-note yield falls below 2.90%. Also, increased M&A activity gave equities a boost after General Mills agreed to acquire Blue Buffalo Pet Products for about $8 billion.
Our latest alert hit 24% plus return the same day (yesterday) on MaterCard (MA). This puts us in positive territory for 2018.