It was a big week for stocks, but the real story of the week was in the 30-year treasury bond, says Jack Bouroudjian. The Eurozone and Japan central banks have set negative rates, which continue to make U.S. bonds more attractive. Cash flows, the Fed and especially the yield curve are factors to watch, says Jack.
“If (the yield curve) continues to invert, it’s going to send recessionary signals even with stocks doing well. That in and of itself could be a huge headwind the rest of the year.”