Treasury yield reversal looks important - Regional banks favored

Key Takeaways

  • US Equity rally extending and should reach February highs before stalling out
  • Both Industrials & Materials seem to be kicking into gear given the commodity boom
  • Treasury yields look to be making an important reversal, which bodes well for yields to climb into March FOMC meeting.  Financials should outperform on this move.

Wednesday’s gains to multi-day highs resulted in SPX finishing at the highest levels since...

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