This is a short follow-up to my October 23, 2024 TalkMarkets article, On Friday, November 1, 2024, the DJIA closed at 42,052, up on the day but down from its all-time high of 43,276 on October 19, 2024. The yield of the 30-year T bond closed at 4.58% on November 1, 2024, 8 basis points above the critical minimum yield of 4.50% and at the highest level since July 1, 2024. 
The 30-year T bond yield rose to 5.58% on November 1, pushing the DDV down 671 points from 38,413 to 37,742. This is expected to negatively impact the price of the DJIA which is at a premium to equilibrium of 4,310 points or 11.4%. 
The misguided euphoric buying continues to hold the DJIA at a premium to its DDV which is at risk of a further decline should the yield of the 30-year T bond continue to rise.More By This Author:
DDV Heading Down As 30-Year T Bond Yield Hits 4.58%.
