The huge ongoing stock market rally started in mid-June, as the 10-year US yields topped (for the time being). In the last few sessions, the bond market is moving yields higher again, even little by little, as evidenced by the breakout of the downtrend line below. Time will show who will have the last say on the general market, bond vigilantes or stock bulls.
Disclaimer> This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your own risk management decisions.