As the world warms itself around the comforting glow of Twitter Inc, (TWTR), Facebook Inc, (FB), Google Inc, (GOOG) and all the other red-hot stocks of 2013, I’d like to quietly point out that interest rates are creeping up almost imperceptibly toward an important breakout level.
Central bankers have had the freedom to do what they’ve been doing based on a very accommodating interest-rate environment. If inflation starts to really kick in, well, game over, man. I’ll be watching the chart above closely, as I think its movement could be a driving force behind 2014.
