Equity Markets In Depth
Ross Clark Interview
HoweStreet.com AUDIO INTERVIEW of ROSS CLARK
Snippet from April 19, 2017 Chartworks
A review of life insurance companies versus the 10-Year and 30-Year Treasuries results in an understandable correlation. The insurance companies advance as rates increase (T-Bond prices decline) and they can more readily satisfy their long-term obligations. This was quite evident in the five weeks following the November election when 10-year rates rose from 1.86% to 2.62% and lifecos rose 20%. The insurers have been declining since interest rates topped in December. An oversold RSI(14) reading in rates or overbought reading in T-Bond futures or TLT typically coincides with a buyable low in the insurers.
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