Stable Treasury Yields: Tom Essaye Quoted in Barron’s
Stocks Are Rising, With Tech Leading the Way Higher
Technology stocks were leading the broader market higher in early Monday trading as traders braced for a busy week ahead.
“Today there are no notable economic reports nor any Fed speakers, so focus will remain on Treasury yields and if yields are relatively stable, then stocks can rebound from last week’s losses,” writes Sevens Report Research’s Tom Essaye.
The big event of the week will be the release of the consumer-price index for August on Wednesday. The inflation reading will inform the Federal Reserve’s next moves on inflation.
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