Welcome to our new โTrade Ideasโ segment of The Chart Report. In this post, we dive into the Staples Sector and identify two strong stocks that recently broke to new record highs: Church & Dwight ($CHD): Long above $69 / Price Target $83 Pepsi ($PEP): Long above $122 / Price Target $138 The Safety Trade […]
What to Make of the Yield Curve
This week, the US 10-year Treasury yield sank to new 52-week lows and sliced through some important support levels. Today, a closely watched yield spread (10-year minus 3-month) turned negative for the first time in over a decade, inverting the front-end of the curve. A yield curve inversion is a bearish signal that occurs when […]