Yields fell and stocks rose following a soft S&P Global Flash U.S. Composite PMI
Yields fell and stocks rose following a soft S&P Global Flash U.S. Composite PMI: Sevens Report Editor, Tom Essaye, Quoted in Barron’s
Stocks Wrap Up the Day in the Green
Sevens Report Research’s Tom Essaye told Barron’s that yields fell and stocks rose following a soft S&P Global Flash U.S. Composite PMI.
“It’s kind of a reverse of what we’ve seen in the last two and a half weeks,” Essaye said. “And I think this is something we can expect for the short term. As the market is nervous about higher yields, it’s going to welcome soft data, in so much as it thinks it’ll make the Fed less hawkish.”
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