Equities Look to Break 4-Day Slide
While headline CPI was in-line, core was hot.
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.
My even market wrap-up is a summary of everything you should know for successful trading.
I’m expecting an oversold rally this week. The question is, will it be successful? It depends on these three charts.