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Chris Perruna, senior vice president at Self-employed, highlights that the U.S. 30-year Treasury note yield has risen to 5.18 percent, marking its highest level since July 2007.
In addition, Perruna observes that SPX is trading in positive territory.
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Perruna has previously emphasized that long-term trend following and patience are key strategies for wealth accumulation. In another recent observation, he noted that Uber may be building the right side of a cup-shaped base. His comments provide context for his focus on technical factors and market structure.