What if one of the biggest market stories of the next several years isn’t about stocks at all?

In a new special report, Elliott Wave International’s Head of Global Research, Murray Gunn, lays out the technical case for a market outcome that would have far-reaching implications for investors: a U.S. 10-Year Treasury yield approaching 8.5%.

This isn’t based on economic forecasts, Federal Reserve predictions or headline-driven speculation. Instead, Murray follows the recurring patterns of investor psychology that have identified major turning points in global markets time and time again before they became widely recognized.

If his analysis is correct, the effects could extend well beyond the bond market, influencing everything from inflation and commodities to precious metals, currencies and stocks. 

2 Ways to Read The Case for an 8.5% Treasury Yield