Because our current financial system is based on debt, these bonds represent the bedrock for the entire financial system, with their yields representing the ďrisk free rateĒ of return against which EVERY asset class on the planet is priced.
As a result of this, when bond yields begin to rise, EVERY ASSET CLASS in the system (including stocks) adjusts accordingly.
In chart terms, THIS was what triggered the first leg down during this market collapse.
And guess what? Bonds yields bounced off support and are already turning back up again.
Which means... stocks will soon be revisiting the February lows.
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