Market Overview Analysis by Ipek Ozkardeskaya covering: Nasdaq 100, S&P 500, Chevron Corp, Microsoft Corporation. Read Ipek Ozkardeskaya's latest article on Investing.com
We continue to see high volatility in the US sovereign papers near important psychological levels where investors are invited to decide what to do next. In this respect, the USyield shortly crossed above the 5% psychological mark yesterday, then retreated sharply in a move that was qualified by a large short covering after two popular bond bears Bill Ackman and Bill Gross said that they covered their short bets on US Treasuries.
A higher yield curve is not necessarily good news for the broader economy and stock valuations– unless the economy resists to higher rates.extended losses below the 200-DMA yesterday and the index now approaches an important technical support, the 4180 level, the major 38.2% Fibonacci retracement on last year’s rally, and which should distinguish between the actual positive trend and a medium-term bearish reversal.
On a side note, according to the US Department of Energy, there are about 17 days left in the US strategic petroleum reserves. The US produces enough oil to continue feeding America with enough energy, but the meager 17 days of stockpile limits Joe Biden’s ability to contain any important price pressure in the future, which could be triggered by an escalation of tensions in the Middle East for example.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Crude Oil Takes a Breather but Upside Risks Still LurkMarket Overview Analysis by Ipek Ozkardeskaya covering: EUR/USD, Nasdaq 100, XAU/USD, S&P 500. Read Ipek Ozkardeskaya's latest article on Investing.com
Consulte Mais informação »
Vanguard bets on long-term US Treasuries after 'cruel summer' for bond investorsVanguard bets on long-term US Treasuries after 'cruel summer' for bond investors
Consulte Mais informação »
Vanguard Bullish on Long-Term US TreasuriesU.S. asset manager Vanguard is bullish on longer-dated Treasuries after this year's brutal selloff, betting that the Federal Reserve is at the end of its rate hiking cycle and that the economy will slow next year.
Consulte Mais informação »
Marketmind: Treasuries relief, China griefMarketmind: Treasuries relief, China grief
Consulte Mais informação »
Column-Leveraged funds' record short Treasuries bets surge again: McGeeverColumn-Leveraged funds' record short Treasuries bets surge again: McGeever
Consulte Mais informação »