In followup to yesterday's post about the importance of watching JPM, here is a 5-year chart showing the close correlation between its stock price and the 10-year Treasury yield. The higher the yield, the higher the stock price.
Bears on JPM might be safer with the 7-10 year Treasury ETF with the stock symbol 'IEF'.
Bears on the 10 year Treasury might want to express that point of view by being long JPM.
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