[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 …
Stocks Slide While Gold Flashes A Bullish Signal
[Chart courtesy of MarketWatch.com] Stocks spent most of the day on the defensive as higher oil prices kept inflation worries front and center. Escalating U.S.-Iran tensions pushed Brent crude back above $100 a barrel, and that was enough to keep traders reaching for the aspirin rather than the buy button. Adding to the pressure, the 10-year Treasury yield briefly climbed …
Lower Yields Light A Fire Under Equities, Gold, And Crypto
[Chart courtesy of MarketWatch.com] The market finally found an excuse to smile today. Stocks rallied sharply as Treasury yields backed away from their recent highs after Fed Governor Waller suggested he’d be inclined to support holding rates steady, assuming upcoming inflation data doesn’t throw a curveball. That comment was enough to shift the mood on Wall Street. Rate hike expectations …
A Softer Dollar, Stronger Metals, And A Market Rebound
[Chart courtesy of MarketWatch.com] Treasury yields finally took a breather after their recent sprint to multiyear highs, and stocks were happy to take the invitation, with the S&P 500, Nasdaq, and Dow all snapping their three-day losing streaks. The bigger story hasn’t changed, though. Oil remains parked around the $90-mark, geopolitical tensions are keeping energy traders on edge, and the …
Geopolitics Trips Up Stocks As Gold, Silver, And Bitcoin Shine
[Chart courtesy of MarketWatch.com] The market spent the final trading day of August looking over its shoulder as renewed hostilities between the U.S. and Iran rattled investors. Stocks moved lower, oil jumped about 3%, and rising long-term Treasury yields added another headwind for equities. Sometimes the market worries about one thing at a time. Today it generously chose two. That …
Markets Cheer Nvidia’s Earnings, Then Look To The Fed
[Chart courtesy of MarketWatch.com] Today’s rally had a very familiar driver: Nvidia. The chip giant delivered another earnings beat, and investors responded by sending the Nasdaq higher while the rest of the market mostly stood around checking its watch. Nvidia surged 9% after topping expectations and projecting powerful revenue growth, with forecasts now pointing to roughly 70% growth by fiscal …