V recovery versus K recovery: what is it going to be?

The markets continue to trace out what could prove to be an important top. There are no sell signals yet, but there are numerous divergences. We cite the continued divergence between the DJI and the DJT where the averages are not confirming...

V recovery versus K recovery: what is it going to be?
The markets continue to trace out what could prove to be an important top. There are no sell signals yet, but there are numerous divergences. We cite the continued divergence between the DJI and the DJT where the averages are not confirming each other. Interest rates are rising and appear to be pointed higher largely due to the huge deficits and signs of a revival in the economy.