Ten Yr Yields Move Higher

 12/8/2025

Ten Yr Yields Move Higher 

Stocks need to close under the Nov 20 low to confirm a final high in stocks.

INDU, SPX and NDX all need a close under Nov 20 to confirm a top in the market. As  I said a few posts back we may be at the start of a third wave down, or maybe not. 

 

NYSE A/D

 

Here we need a close under the moving averages the three colored lines. . But as early November showed that is no guarantee. 

Of more predictive value is the bond market.

 

Today was a .8% rise in the ten yr note yield. The FED over night rate is 4%. The 3 month bill is 3.68%. Bingo, lowering a quarter will bring the FED rate equal to the T Bill rate, as always the FED follows not leads the market. I doubt hat will change the ten year rate. And as the link to start this post suggests, higher rates are negative for stocks. 

So the media waits while the bond market has already spoken the trend is to higher rates.