[Chart courtesy of MarketWatch.com] As we approach a series of major corporate earnings releases in the coming days, bond yields continued their upward trajectory, reaching their highest levels since July. Despite this, the major indexes showed little movement early this morning. With only five trading days remaining before the US presidential election, market volatility could increase, potentially leading to more …
Bitcoin Surges Towards $70,000 Amid Market Volatility And Election Uncertainty
[Chart courtesy of MarketWatch.com] This morning, crude oil prices plummeted by over 5% following an Israeli airstrike on Iran that notably avoided sensitive oil and nuclear facilities. This unexpected development contributed to a jump in the major indexes, buoyed by the easing geopolitical tensions and the anticipation of upcoming mega-cap technology earnings. These earnings, coupled with the steadily improving Citi …
Markets Rebound After Three Days Of Losses Amid Rate Cut Hopes
[Chart courtesy of MarketWatch.com] After three consecutive days of losses, the markets finally found some upward momentum, with major indexes showing early gains as expectations for rate cuts rose modestly. This positive shift was supported by strong earnings reports, notably from Tesla, which surged 21% after surpassing expectations. Whirlpool and Lam Research also posted gains, while IBM weighed on the …
Tech Giants And Home Sales Plunge Amid Rising Bond Yields
[Chart courtesy of MarketWatch.com] The major indexes began the session on a downward trend for the third consecutive day, as bond yields surged, with the 10-year yield surpassing the 4.25% mark. By the end of the day, the S&P 500 had suffered its steepest decline in seven weeks. While some traders attribute rising yields to a robust economy, I believe …
Gold Sets New Record As Markets Waver, Crude Oil Rallies
[Chart courtesy of MarketWatch.com] This morning, rising bond yields were at the forefront of traders’ minds, dampening the positive sentiment that had characterized the start of the earnings season. The 10-year Treasury yield briefly climbed above 4.22%, a level not seen in three months. Although it retreated as the session progressed, the major indexes slipped and struggled to deal with …
Mixed Earnings And Rising Yields Weigh On Markets
[Chart courtesy of MarketWatch.com] The major indexes began the session on a downward trend after scoring another positive week. With major corporate earnings on the horizon, future market gains will hinge on companies surpassing expectations as the earnings season intensifies. Approximately 20% of S&P 500 companies, including prominent names like Coca-Cola, Tesla, and GE Aerospace, are set to release their …