The most important chart to watch right now is the US 10yr Yield
rising bond yields will put pressure on “Long Bond proxy” .. the Tech sector and could accelerate the move into Value and Emerging Markets
( chart courtesy allstar charts)
But who is most exposed to rising rates?
No it is not US households, neither it is US corporations but it is US govt
As Luke Gromen writes in FFTT
Fed is trapped and they cannot allow free markets to function because rising rates