[Chart courtesy of MarketWatch.com] Bond yields were once again calling the tune today, keeping the major indexes on the defensive after yesterday’s losing session. The 10-year hovered near levels not seen since 2007, while the 30-year remained near multi-decade highs, giving investors plenty to chew on. Some relief came from oil, which dropped nearly 4% as Middle East tensions showed …
The Indexes Wobble As Warning Signs Pile Up
[Chart courtesy of MarketWatch.com] Stocks started the week under pressure as higher oil prices and another surge in bond yields gave the bulls a rude Monday-morning wake-up call. Brent crude jumped more than 2% to around $107 a barrel and WTI moved above $94 after President Trump rejected Iran’s ceasefire conditions. Oil later backed off its intraday highs, but the …
Stocks Shrug Off Surging Yields, But For How Long?
[Chart courtesy of MarketWatch.com] Stocks stumbled again as Treasury yields continued their relentless climb, fueled by expectations that the Fed may have another rate hike in store. The 30-year yield touched 5.446%, while the 10-year surged to 5.22%. A pullback in Oracle didn’t do the tech sector any favors either. Adding fuel to the inflation fire, oil moved sharply higher, …
Oil Cools, Metals Rally, And Wall Street Waits For The Next Headline
[Chart courtesy of MarketWatch.com] The Nasdaq pushed to another intraday record today, but the broader market mostly spun its wheels. Oil continued to retreat on reports that Iran may reopen the Strait of Hormuz within seven days, while Saudi Arabia is reportedly preparing to restart its East-West pipeline. Neither development is a done deal, but it was enough to take …
Risk-On Returns: Tech Rallies, Oil Slides, Bitcoin Breaks Loose
[Chart courtesy of MarketWatch.com] Wall Street came out swinging Monday, shrugging off another round of Middle East tensions as falling oil prices, easing bond yields, and a powerful tech rally gave the bulls plenty of ammunition. AI-related stocks did much of the heavy lifting, with Intel, AMD, and Qualcomm surging, while the Mag 7 once again flexed their muscles and …
Stocks Rebound, Silver Shines And Bitcoin Shrugs Off The Fed
[Chart courtesy of MarketWatch.com] Stocks bounced back today as lower bond yields, softer oil prices, and renewed strength in technology gave investors a few good reasons to step back into the market. Tech did most of the heavy lifting, while the 10-year Treasury yield slipped back below 5%, taking some pressure off equities. Oil also retreated toward $100 as supply …