BILS - Treasury Yields Act Like They Are Ready To Rise

• It would appear that we have hit the bottom of the range on the 10-year Treasury yields and are getting ready to move back to the top of the recent range for yields, which is now 1.77%.
• I think Treasury yields will rise this week with resulting implications for the stock market, which may mean further rotation out of tech and into reflation sectors like industrials, materials, energy, and banks.
• If interest rates indeed hit the bottom of their recent range and are getting ready to rise on hotter-than-expected inflation numbers, we should have a sideways move for the S&P 500 and a 10-15% decline for the technology sector from recent highs.

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