A Lot of Important Reports: Tom Essaye Quoted in Barron’s
Stocks Fall as 10-Year Yields Touches 5%
Sevens Report Research’s Tom Essaye writes that the economic calendar is quiet on Monday, so yields will continue to be in focus. He thinks the higher yields go, the lower stocks will fall.
“Today, any progress on electing a Speaker of the House will be welcomed by the markets and likely push yields lower,” Essaye writes. “On the earnings front, we get a lot of important reports later this week.”
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