A New Yield Regime: Commodity-Led Rally in the Making

Real Vision senior editor Ash Bennington welcomes back Tony Greer of TG Macro where he declares that the five sigma sell-off in Treasuries last week marks the beginning of a new yield regime that will support a resources-led rally in earnest. Greer points to the dramatic move in rates being a response to visible commodity inflation, which is indicative of its strength. Because Greer sees a resources-led rally emerging, he explains why this is bad news for the tech sector over the next few months. After walking through the signals that are telling Greer that “this time is different,” he discusses how he’s positioning himself and what he’s eyeing in light of these changing market dynamics that continue to escalate.