Focus Remains on Treasury Yields Today
Today’s Focus Remains on Treasury Yields – Tom Essaye Quoted in MarketWatch
Dow edges up as stocks look to rebound ahead of coming inflation, retail sales data
U.S. stock indexes were up as of Monday afternoon, with consumer discretionary shares and several technology companies leading the broader market higher, as traders braced for a busy week of economic data releases.
“No major U.S. economic data is set for release on Monday, so the focus will remain on Treasury yields”, said Tom Essaye, president of the Sevens Report Research.
“If yields are relatively stable, then stocks can rebound from last week’s losses”, Essaye said in an email.
Also, click here to view the full MarketWatch article published on September 11th, 2023. However, to see Tom’s full comments on today’s market insights sign up here.
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