Chart of the Day: Surge in the 10 Year Yield
The 10 year yield surged back above 2% for the first time since late January yesterday. Stocks were able to withstand the rise given hopes for more growth, but the pace of the rise must slow down.
Stock Market Reaction & Strategy to Trump’s Win
Stocks saw their biggest drop since Brexit early this morning while currency and bond markets made historic moves overnight, and I have no doubt that clients are calling you asking: “What do we do?” I basically didn’t sleep last night making sure we could help our subscribers answer that question when clients called today. […]
Chart of the Day: Copper Breakout
After threatening to break down just a few weeks ago, Copper futures have surged in recent sessions, breaking out through key resistance near $2.30 to trade to a 1-year high yesterday.
Chart of the Day: S&P 500 Surges More Than 2% Ahead of Election
The S&P 500 rallied more than 2% yesterday, reclaiming all of last week’s losses as traders positioned ahead of the US Presidential election. But, the near-term trend remains a bearish one in the broad index.
Bonds and Currencies Report (BOE Surprise?)
It was a generally quiet day in the currency and bond markets as the various cross currents (election, M&A, economic data, etc.) all largely cancelled each other out. The Dollar Index closed little changed after spending most of the day modestly stronger. The euro was modestly weak for most of trading Monday (down 0.30% at […]
Chart of the Day: SPX Morning Gap Fill
Stocks sold off several points in the opening hour of trade yesterday in what turned out to be a classic “gap fill” between yesterday’s open and Monday’s morning high.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues