Bear Market Rally follow-up...It looked grim on Wednesday with a selloff in all of the major stock indexes. The Nasdaq was impacted rather negatively as a result of Apple's ill-received earnings report. The tech heavy index took the biggest hit on the day (-2.18%). However the price and yield of the 10-Year Note may have been telegraphing that the selloff was to be short lived...See Chart:
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in IJR over the next 72 hours.