Amid a muted financial calendar, the U.S. indices haven’t performed a lot of something in the present day. With the closing bell just a few hours
Amid a muted financial calendar, the U.S. indices haven’t performed a lot of something in the present day. With the closing bell just a few hours away, the DJIA DOW (-9), S&P 500 SPX (+0.5), and NASDAQ (-29) are hovering close to flat. Given earnings season producing two-way motion and a restricted information cycle, values of the U.S. inventory indices are holding agency close to all-time highs.
Over the previous 6-months or so, a lot has been made in regards to the inverted yield curve in U.S. Treasuries. Bonds of all kinds have been beneath stress seemingly since 2019 started, with falling yields turning into the norm. This morning’s public sale of the U.S. 10-Yr Word introduced a shock rally in yields from 1.590% to 1.809%. The 10-Yr Word is a staple of institutional portfolios ― in the present day’s soar in yields means that most of the huge cash gamers are taking a risk-on method as 2019 attracts to an in depth.
Maybe bond merchants are tuned into President Trump’s social media feed. Earlier in the present day, Trump took to Twitter to bolster the current energy within the DOW, S&P 500 and NASDAQ:
“Inventory Markets (all three) hit one other ALL TIME & HISTORIC HIGH yesterday! You’re sooo fortunate to have me as your President (simply kidding!). Spend your cash properly!”
Whereas Trump’s optimism towards shares is a bit tongue-in-cheek within the wake of impeachment proceedings, he does have a legitimate case. Though the…