Another leg higher in oil, on top of a firm inflation backdrop, lifted Treasury yields to multi-year highs, hardening Fed rate-hike bets into next week’s meeting, and driving a fourth straight day of equity losses.
Oil climbs and treasury yields hit fresh multi-year highs, pressuring stocks for a fourth consecutive day.
ECB rate hike prospects, OpenAI expands with Samsung, Apple’s big event and other headlines moving the market this morning.
We exited one holding, and added to three others, upgrading one of them along the way.
Broadcom’s earnings, TSM’s multiyear view on AI chips, the Quantinuum IPO, and other headlines are moving stocks this morning.
