Stock Futures Waver With Bond Yields
Encouraging Inflation Data: Tom Essaye Quoted in Barron’s
Stock Futures Waver With Bond Yields, Oil in Focus
U.S. stock futures wavered on Thursday, whipsawing after the release of economic data, though sentiment remained under pressure from a surge in bond yields and the price of oil amid ongoing concerns over interest rates and inflation.
“Encouraging inflation data from Europe was partially offset by ongoing government shutdown and labor strike worries,” said Tom Essaye, the founder of Sevens Report Research.
Also, click here to view the full Barron’s article on stock futures are bouncing published on September 28th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.
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