Interest Rates Will Define 2014

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As the world warms themselves around the comforting glow of TWTR, FB, GOOG, and all the other red-hot stocks of 2013, I’d like to quietly point out that interest rates are creeping up almost imperceptibly toward an important breakout level.

1224-tnx

Central bankers have had the freedom to do what they’ve been doing based on a very accommodating interest rate environment. If inflation starts to really kick in, well, game over, man. I’ll be watching the chart above closely, as I think its movement could be a driving force behind 2014.

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