The market has approached an interesting set up. I don't really care about the Dow 13,000, but the SP500 near 1370 is more relevant to me.
My last market post was 'magnitude', and imo, the same thesis holds. The economic fundamentals remain pretty robust, and there is underlining strength. Especially with the 10yr treasury continuing to sell off as the market rises. (But both the market and the treasury are controlled, which to me is very healthy.)
From a very short-term perspective, there may be a push-back in the treasury.
The lower-probability scenario is that the market does not care for a pull back. Then we should see a continued move in the treasury yield, and the market to push higher. (At which point I will nick-name this market rally 'unstoppable' :)
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