Right now, 71 stocks in the S&P 500 have a 20 day correlation of negative 0.90 or stronger to the 10 year yield.
The largest cluster of these names comes from the Utilities sector.
If you think rates are heading higher, these are the names to continue to be bearish on.
If you think rates are going to come down, then these are the some of the names that have the potential to bounce.
$BTC holding in this region for days now, $82k-$84k. Quite a decent liquidity block around $84.6k. I assume it will stay in this range for today. Alts look decent and will gain as far as $BTC holds this region.
PS: Overall, $BTC hasn't got out of bearish divergence
My active spot trades 🟢
$SEI $0.058, now at $0.074
$FIL $0.835, now at $1.06
$NAORIS $0.033, now at $0.0345
$FET $0.162, now at $0.23
$ETH $1548, now at $2673
$ASTER $0.69, now at $0.749
oasis-network:native $0.0084, now at $0.0091
$DASH $60.68, now at $60.9
#update
This is ABSOLUTELY wild. The reverse mirror image is so accurate it's almost scary. Very scary.
The inverse of the 10yr yield is.... $MCD.
What a sight.