Why equities ignore rising yields
S&P 500 tanked on distinctly hotter than expected CPI, yet failed to break through 6,015. Market breadth and sectoral view had been pretty dismal, yet in a zigzagged line the S&P 500 led by Nasdaq continued on a volatile mend (in intraday terms of this path).
Crucial resistance had been though respected overnight, and the sequence of headlines touching on geopolitics – and how they had been perceived in Europe, on European stock exchanges I mean - was what prevented equities from declining – and today‘s extensive video dives into the clues covered in great detail for swing trading and intraday clients, with Ellin‘s ES gains as a cherry on the cake (there are great advantages in combining the daily analytics with quick intraday calls). Important message as regards supports intraday, too.
Better adjust fast and keep constant finger on the pulse of market moving data and events – that‘s why I am (and we‘re) here for, to bring you the very best – check against the yields path as leading higher called on the weekend (for the reprieve in yields to end). See the difference in Fed watch tool Saturday and now – the retreat in rate cutting odds.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.