Chart of the Day - Friday, March 19th, 2021
March 19, 2021
Today’s Chart of the Day was shared on Twitter by Macro Charts (@MacroCharts). The chart shows the U.S. 30-year Treasury Bond over the past two decades. Treasury Bonds have been getting whacked for months now and the sell-off has really accelerated in recent weeks. However, we're starting to see signs that Bonds may be due for a bounce in the near-term. Macro Charts points out that a sentiment indicator known as the DSI has fallen to extremely low levels that have historically coincided with major bottoms. Macro Charts adds that a rebound in Bonds would be bullish for Growth stocks as well as Precious Metals & Miners. Will Bonds rebound next week? Stay tuned!