The S&P 500 Index has convincingly broken through the 4400 mark and is maintaining its upward momentum. Despite some signs of an overbought market, there haven’t been any confirmed sell signals yet. Having overcome two minor resistance levels, the next target is the 2023 highs around 4610, and the possibility...
The recent surge in U.S. government bond yields, pushing the 10-year Treasury rate to nearly 5%, a level not witnessed in 16 years, has created a challenging environment for investors in the stock market. The 10-year Treasury yield, represented by BX:TMUBMUSD10Y, reached its highest point since 2007, nearly touching the...
Thursday’s U.S. stock market opening saw a slight uptick, with investors carefully analyzing fresh inflation data that indicated a modestly higher-than-expected increase in headline consumer prices for the previous month. Shortly after the opening bell, the Dow Jones Industrial Average (DJIA) showed a 0.1% gain, while the S&P 500 (SPX)...
Crucial Insights for U.S. Traders: The stock market is showing signs of further gains, while bond yields are on the decline. Following a holiday break, bond markets are rallying, partially driven by increased demand for safe-haven assets in response to the recent attacks by Hamas in Israel. Additionally, two Federal...
Key Insights for Today’s U.S. Trading Session While you were away, the yield on the 30-year Treasury briefly exceeded 5% earlier today, indicating ongoing turbulence in the bond market. Influential figures in the world of finance are sounding the alarm: Amidst the stock market’s erratic performance, technical analysts are closely...
The U.S. Dollar Extends Its Winning Streak for the 10th Week in a Row, the Longest Since 2014 In a significant development, the U.S. dollar has achieved its first “golden cross” since July 2021, raising the possibility of further upward momentum and potential challenges for the stock market. As we...
