Everyone and I do mean everyone has their eyes, ears and whatever other body part tuned into the bond yield curve (YC). The following intraday chart identifies the movement of the S&P 500 (SPX) and 10-yr. Treasury yield (TNX) for March 27, 2019. (Blue = SPX, pink = TNX) With the near dated end of…
Welcome to this weekly edition of State of the Market. The major averages succumb to modest selling pressure today, even with headlines and media coverage surrounding U.S./China that support a deal forthcoming. Please click the following link to review the SOTM video, which is roughly 1 hour in duration. Additionally, Wayne Nelson delivers our daily,…
Despite it being a QT day of significance and without the benefits of U.S. Treasury issuance offsets, the major averages still rallied and after the FOMC minutes were released. The minutes proved innocuous by and large, inline with what most economists, strategists and analysts had previously assumed. The assumption was that there would be some…
In our weekend edition of Daily Technical Market Recap, Wayne discusses Friday’s market moves as well as what we might expect in the near-term from the various indexes and specific stocks. Another big earnings week is upon us with 100+ companies set to report. Please click the link to watch the video and enjoy the…
