Stocks Rebound, Silver Shines And Bitcoin Shrugs Off The Fed

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

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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 concerns eased, another welcome development for a market that’s had plenty to digest lately.

Elsewhere, the dollar gave back some of yesterday’s jump, gold recovered toward $4,400, and the metals complex had a strong showing.

Silver gained 3.35% and copper 2.71%, while Bitcoin headed back toward $77,000, apparently deciding yesterday’s Fed rate hike wasn’t worth losing sleep over.

So, today’s rebound was encouraging, but one good session doesn’t settle the argument.

Was this simply a dead-cat bounce, or are traders starting to see a clearer path now that the Fed has finally shown its hand?

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Fed Sticks To The Script, But Markets Still Head South

Ulli Market Commentary Contact

Fed Sticks To The Script, But Markets Still Head South

[Chart courtesy of MarketWatch.com]

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The market spent most of the day fixated on the Fed, and in the end, Chair Powell & Co. stuck to the script with a quarter-point rate hike.

That outcome may not have been exciting, but it removed the risk of a surprise, which is usually a good thing because Wall Street tends to react to surprises the way cats react to vacuum cleaners.

Even so, traders weren’t exactly in a buying mood. Stocks faded after the announcement, bonds sold off, and yields moved higher as the dollar climbed to a one-month high.

On the bright side, oil also headed lower, providing at least a little relief after diesel prices topped $6 a gallon and crude spent time above $100 a barrel.

The Fed’s message was pretty clear: inflation remains the main concern, while worries about rising unemployment appear to be taking a back seat for now.

The real question is whether today’s move was a one-and-done adjustment or the first step in a new tightening cycle.

What will traders focus on next: inflation, growth, or the path of future rate hikes?

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The Fed Looms Large As Rising Yields Test Market Resilience

Ulli Uncategorized Contact

[Chart courtesy of MarketWatch.com]

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The bears stayed in control today as investors headed into tomorrow’s Fed decision with one eye on interest rates and the other on the exits.

The big story wasn’t stocks, though, it was bonds. The 10-year Treasury yield briefly pushed above 5%, a level we haven’t seen since 2007, reminding everyone that “higher for longer” is more than just a catchy phrase.

AI-related stocks helped cushion some of the damage after yesterday’s weakness, but rising yields and climbing oil prices continue to make life difficult for equities.

Brent crude pushed above $108, adding another layer of inflation concern just as the Fed prepares to make its next move.

Elsewhere, gold held its ground despite a stronger dollar, while Bitcoin gave back yesterday’s gains after the CLARITY Act stumbled by a single vote.

For now, earnings and economic resilience are still providing support, but if yields remain above 5%, history suggests stocks may face a stiffer headwind.

Will tomorrow’s Fed decision calm nerves or give the bears another reason to celebrate?

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Bitcoin Shines While Stocks Slide Under The Weight Of Rising Yields

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com]

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Friday’s relief rally didn’t make it through the weekend. Stocks opened on their back foot and spent most of the day underwater as investors wrestled with three things that mattered: AI uncertainty, surging oil prices, and another bout of bond market nerves.

The AI space took a hit after renewed calls for a slower pace of development raised fresh questions about the timing and appetite for future AI IPOs. At the same time, oil jumped above $103 a barrel after Saudi Arabia shut down a key pipeline, which is never the kind of headline inflation fighters like to read over their morning coffee.

Adding to the unease, bond yields spiked ahead of this week’s Fed meeting, briefly pushing the 10-year above 5% before calming down late in the session. Stocks recovered from their worst levels but still finished in the red, while a stronger dollar took some shine off gold.

One notable exception was bitcoin, which ignored both the stronger dollar and the gloomy mood on Wall Street, rallying on hopes tied to the CLARITY Act. Leave it to crypto to show up wearing a Hawaiian shirt at a black-tie event.

With the Fed decision due Wednesday, uncertainty remains the market’s favorite asset class. The question now is: will the Fed calm investors’ nerves, or give them one more thing to worry about?

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ETFs On The Cutline – Updated Through 09/11/2026

Ulli ETFs on the Cutline Contact

Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not some obscure funds that nobody cares about.

The report is split into two parts: The winners that are above their trend line (%M/A), and the losers that are below it. The yellow line is the line of shame that separates them. You can see how many ETFs are in each group and how they have changed since the last report (219 vs. 207 current).

Take a peek:

The HV ETF Master Cutline Report

If you are confused by some of the terms we use, don’t panic. I have a helpful Glossary of Terms for you.

If you want to learn more about the Cutline method and how it can make you rich (or at least less poor), read my original post here.

ETF Tracker Newsletter For September 11, 2026

Ulli ETF Tracker Contact

ETF Tracker StatSheet          

You can view the latest version here.

RELIEF RALLY OR HEAD FAKE? BONDS STILL HOLD THE MARKET’S ATTENTION

[Chart courtesy of MarketWatch.com]

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Stocks managed a respectable rebound today after four straight losing sessions, helped by a pullback in oil prices. But if you were hoping for a dramatic change in the script, the bond market had other ideas.

The inflation report was largely in line with expectations, yet the bigger story was what happened afterward: investors quickly shifted from asking whether the Fed will hike rates to wondering how many more hikes it may ultimately need.

That concern showed up in higher bond yields, with the 2-year yield pushing to its highest level in over two years.

Meanwhile, oil took a breather after this week’s geopolitical-driven surge, gold couldn’t hang on to its early gains, and even Bitcoin was reminded that higher interest rates still matter, “digital gold” label or not.

So, despite today’s 1% relief rally, the real drivers remain the same: rising yields, elevated energy costs, resilient employment, and central banks that are still leaning hawkish.

In short, the market’s tug-of-war between bulls and bears is alive and well, and today’s bounce felt more like a timeout than a knockout punch.

The question now isn’t whether volatility sticks around, but which side finally gains enough conviction to win the next round: the bulls or the bears?

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