The ratio of the DJIA and 30-year bond price. Falling ratio indicates stock nonperformance, rising ratio indicates stock outperformance.
The horizontal is a smidge over the 130 level. The 126 level is the most conservative line in the sand, below that I think we have a clear breakdown underway.
A decline of less than 4 percent in the Dow or a less than 4 percent rise in the 30-year bond price, or some combination, would take this chart below 126.
Sunday Night Futures
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Weekend:
• Schedule for Week of April 28, 2024
Monday:
• At 10:30 AM ET, *Dallas Fed Survey of Manufacturing Activity* for April.
From CNBC: Pre-Market Dat...
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