Mulvi Market Update – 01/22/2018
- The US 10 year yield has broken out to the upside and looks poised to head towards 3%. Longer term, the downtrend in yields remains intact.
- Relative weakness of the of the bond proxies (Utilities, REIT’s, Telecom) confirming breakout in yields.
- Health care sector, both in the US and Globally, likely headed higher. Biotech in particular looks to be leadership. Sector offers attractive risk reward should markets consolidate here
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