This will be a potentially busy week of catalysts
This will be a potentially busy week of catalysts: Tom Essaye Quoted in Barron’s
Stocks Open Lower as Bond Yields Rise
“This will be a potentially busy week of catalysts but it starts slowly today as there are no economic reports and just one Fed speaker,” writes Sevens Report Research’s Tom Essaye. “So, absent any surprises, expect yields to drive stocks. If the 10-year Treasury yield drifts lower, don’t be surprised if stocks recoup these early losses.”
“We think Powell will hold his ground and not try to give anything away,” writes Andrew Brenner, head of international fixed income at NatAlliance Securities. “He won’t be that hawkish or show signs of dovishness, although we see Powell as a dove in wolf’s clothing.”
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