[Chart courtesy of MarketWatch.com] U.S. stocks went up on Tuesday, thanks to lower Treasury yields and a short squeeze. Wall Street was busy assessing the geopolitical risks of the Israel-Hamas war, which has been going on for longer than some Netflix shows. The 10-year Treasury yield ended down 15 basis points to 4.65%, as investors flocked to the safe haven …
Stocks Defy Gravity As Bond Market Snoozes And Fed Sings
[Chart courtesy of MarketWatch.com] Monday was a day of surprises for the stock market, as it bounced back from a morning slump despite the escalating violence in the Middle East. The bond market took a holiday, leaving investors in the dark about the impact of the Israel-Hamas conflict on interest rates. The major indexes started the day in the red, …
ETF Tracker Newsletter For October 6, 2023
ETF Tracker StatSheet You can view the latest version here. TRADERS IGNORE BOND YIELDS AND JOBS REPORT, LIFT STOCKS FROM LOWS [Chart courtesy of MarketWatch.com] Moving the markets The markets had a crazy day, as traders shrugged off soaring bond yields and the stellar jobs report and pushed the major indexes from the red to the green. Maybe they …
Will The Jobs Report Be A Trick Or A Treat For The Market?
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes tiptoed on Thursday, waiting for the big reveal of the jobs data on Friday that could make or break interest rate policy. Weekly initial jobless claims were 207,000 for the week ending Sept. 30, a measly 2,000 more than the previous week. Economists had predicted 210,000. The tiny bump in …
A Break From The Bleak: S&P 500 Rebounds As Treasury Yields Retreat From Multiyear Highs
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 had a rare, good day on Wednesday, as investors breathed a sigh of relief when Treasury yields retreated from their highest levels since 2007. The catalyst was a disappointing jobs report that showed the labor market was not as hot as expected. But don’t get too excited because this could …
Bond Yields Spike To New Highs, Stocks Plunge To New Lows
[Chart courtesy of MarketWatch.com] Moving the markets The stock market plunged today as bond yields soared to new highs. The trigger was the August job openings report, which showed a record-breaking 9.61 million vacancies in the U.S. economy. That’s a whopping 690,000 more than the previous month, and the largest jump since July 2020. The 10-year Treasury yield settled at …