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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.
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.