[Chart courtesy of MarketWatch.com] The market finally found an excuse to smile today. Stocks rallied sharply as Treasury yields backed away from their recent highs after Fed Governor Waller suggested he’d be inclined to support holding rates steady, assuming upcoming inflation data doesn’t throw a curveball. That comment was enough to shift the mood on Wall Street. Rate hike expectations …
A Softer Dollar, Stronger Metals, And A Market Rebound
[Chart courtesy of MarketWatch.com] Treasury yields finally took a breather after their recent sprint to multiyear highs, and stocks were happy to take the invitation, with the S&P 500, Nasdaq, and Dow all snapping their three-day losing streaks. The bigger story hasn’t changed, though. Oil remains parked around the $90-mark, geopolitical tensions are keeping energy traders on edge, and the …
September Starts With A Hangover: Stocks, Gold, And Bitcoin All Slip
[Chart courtesy of MarketWatch.com] September got off to a rough start, with inflation concerns and a 6% jump in oil prices pushing bond yields higher around the world and putting pressure on nearly every asset class. The rising rate backdrop weighed heavily on tech, with names like Nvidia, AMD, Microsoft, and Alphabet leading the retreat. What really mattered today was …