Hope of Iran Deal Bounces Stocks But Can’t Fix Oil or Bond Problems
Stocks spiked on a headline about progress in the Middle East, but the issue is what did not move.
Stocks spiked on a headline about progress in the Middle East, but the issue is what did not move.
We’ve already got a market-relevant impact on tariffs, but what are the other main points of contention as the “G2” gather?
August new home sales beat every forecast on a shift to lower priced homes. The average new home price fell $47,700 in a single month, the largest dollar drop on record.
Here’s my strategy for days like this, including how I make a shopping list, buy and take profits.
As the doom and gloom crowd frets over Treasury yields, those yields in addition to other data, might be hinting at something positive.
Initial unemployment claims sit below 200,000 for only the eighth time since 1969.
Numbers are pointing in the same direction, and it is the wrong one for stocks.
Let’s break down what’s happening with bonds and how things unfolded Wednesday. Plus, two items from the ‘What the Heck’ department.
If we look back at the indicators, we’ll see that double-dip declines led to durable rallies.
A jump in yields to fresh multi-year highs cascaded through markets Wednesday.