I wouldn’t make that bet.  Despite 10 year yields breaking above the dreaded 4.50% level, history shows – at least 11x since 1960 that many of the “breakouts” in yields wind up actually being “fake outs” in yields.  Don’t buy the hype… For everyone shorting bonds in the hole, keep in mind that buying “breakouts” … Continue reading “Is it really different this time?” Stock Market (and Sentiment Results)…