[Chart courtesy of MarketWatch.com] Monday was another wild ride for the stock market, as Treasury yields played peek-a-boo with the 5% mark. The 10-year note briefly crossed that threshold, only to retreat when hedge fund honcho Bill Ackman revealed that he had cashed out his bond shorts (with a nice profit) and warned that the economy was cooling off faster …
Market Loses Hope After Powell’s Speech: Inflation And Interest Rates Bite
[Chart courtesy of MarketWatch.com] The stock market had a bad day on Thursday, thanks to Fed chair Powell’s party-pooper speech. He said that inflation was still too high for comfort, and that the economy might have to slow down a bit to cool it off. He basically said: We’re doing a great job at creating jobs and keeping prices stable. …
Gold Shines As Stocks Sink On Interest Rate Fears And Chip Woes
[Chart courtesy of MarketWatch.com] The stock market had a rough day on Wednesday, after the S&P 500 got too close to its glass ceiling and bounced back down. It was a busy day for earnings reports and rising interest rates, which made investors nervous and jittery. The 10-year bond yield jumped over 4.9%, the highest since 2007. That’s bad news …
Markets Ride The Roller Coaster Of Rising Yields And Earnings
[Chart courtesy of MarketWatch.com] The markets were like a roller coaster on Tuesday, as investors felt the heat from rising bond yields. But they also got some relief from the third-quarter earnings season that kicked off with a bang. The 10-year U.S. Treasury yield soared to 4.84%, the highest since Oct. 6 — when it was a hair away from …
Earnings Boost Stocks, Bond Yields And Middle East Woes Weigh
[Chart courtesy of MarketWatch.com] Traders had a lot on their plate on Monday: a flood of corporate earnings reports, rising bond yields, and simmering tensions in the Middle East. But they chose to focus on the positive and pushed stocks higher. The S&P 500 rose by about 1%, but it still faces a hurdle: the top of its downward trend …
Inflation Fears And Bond Market Carnage Send U.S. Stocks Lower
[Chart courtesy of MarketWatch.com] U.S. stocks ended lower on Thursday, snapping a four-day winning streak, as investors digested the latest inflation data and a dismal bond auction. The consumer price index (CPI), a key measure of inflation, rose by 0.4% in September and 3.7% year-over-year, beating the consensus estimates of 0.3% and 3.6%, respectively. The core CPI, which excludes volatile …