Bear Market Rally Follow-Up...

Jan. 28, 2016 1:04 PM ET
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Contributor Since 2012


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:

Index and Treasury Note Performance - Jan 27, 2016

Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in IJR over the next 72 hours.

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