PCI - Get In On One Of The Best Opportunities In The Market Today
Some parts of the market that are more susceptible to interest rates have been absolutely crushed in recent weeks. The increase in long-rates makes certain sectors like bonds, REITs, and other dividend yielders less attractive. There is also this knee-jerk reaction, especially in the bond market, where investors rush for the exits at even the whiff of higher rates.
The interim bottom in rates was August 24. Since then, the 10-year treasury rate increased 24 times (73% of observations) through the end of last week. This is the highest percentage of days increase since May