The First Crack Appears In This Bull Market (The First Of Four Factors That Would Make Me A Bear)

Hugo Ferrer 903 Followers Follow Summary Rising long-term interest rates are triggering early signs of market breadth deterioration, especially outside big tech and major indices. Current market weakness is most evident in value- and industrial-heavy European indices and the broader U.S. stock universe, not in the headline S&P 500 or Nasdaq 100. Despite this 'yellow alert,' internal sector rotation, price trends, and macroeconomic indicators show no systemic stress or imminent cycle end. I remain a skeptical bull: monitoring breadth closely, but I see the current pullback as a temporary cooling rather than a harbinger of a bear market. Alexander Shelegov/iStock via Getty Images On August 19, in my market note, I explained that the rise in long-term interest rates, such as the U.S. 30-year Treasury yield, which has reached its highest level since 2007, has historically been a risk factor for the This article was written by Hugo Ferrer 903 Followers Follow Professional investor registered in Spain, Professor of the Stock Market Expert Degree at the University of Alicante (Spain) and columnist in several national media. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.