2/14/2022
By Charles Payne CEO & Principal Analyst

There were  few places unscathed last week. In the S&P, Energy (XLE), Financials (XLF) and Materials (XLB) held up, but stocks were hammered, and bonds reversed out of a tailspin.

After the longest correction in history, bonds reversed course on Friday, as everyone raced to get the most prestigious asset in the world in the face of a potential invasion of Ukraine.

It’s hard not to see yields moving back up and bonds stumbling again – you have to be in stocks, but right now, cash is king.

10-year bond Yield (five-day chart)

To read the full report, contact your account representative or email Research@wstreet.com

Charles Payne
Wall Street Strategies

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