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S&P 500 went by an analogous day by day sample as on Monday – the weak tech, XLF and XLV telltlae indicators didn‘t lie – this and gold with oil clues talked amply in yesterday‘s video. The slowly cracking tech breadth underscores the battle of narratives, the main focus – comfortable touchdown vs. return of inflation forcing the Fed to lift once more – as a lot with yesterday‘s manufacturing PMIs as with right this moment‘s non-farm payrolls employment change. With or with out Fitch downgrade, it‘s yields on the lengthy finish that carry biggest significance. The lengthy, AI-driven resilience in tech is getting duly challenged (hey Prime…
#Rising #Yields #Danger
