Courtesy of Chris Kimble
Almost a month ago I shared the chart below, reflecting that “Sugar” has been a good indicator per the future direction of interest rates. (see post here)
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Below is an update on the Sugar/30-year yield chart.
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Sugar and the yield on the 30-year bond have both declined a good deal of late. Now Sugar ETF (SGG) has broken above its falling channel as the yield on the 30-year bond has created a bullish falling wedge pattern.
Keep a close eye on Sugar going forward, due to its potential impact on bond holdings and a potential ripple effect on the stock market!
