Italian Bonds/Economic Data/Materials Raise Caution Flag
April 03, 2012 at 12:04 PM EDT
Our models remain bullish longer-term, but we have some concerns on a shorter-term time horizon. The yield on a ten-year Italian bond has crept back up over 5%, a level which was last seen just prior to recent corrections/big drops in stock prices (see purple arrows below). Economic data has started to weaken relative to [...]