Golden Cross on rates
For those looking for higher rates in the coming months, a "golden cross" in the 10-year T-note yield might come as some confirmation. For the first time in nearly 2 years, the 50-day average has crossed above the 200-day average.

Prior to the past 2 decades, this was a pretty good indication that higher interest rates were in the offing. Since then, not so much.

For stocks, it proved to be a shorter-term headwind.

