Big Oil, Big Money. | MarketTalk: What’s up today? | Swissquote
We continue to see high volatility in the US sovereign papers near important psychological levels where investors are invited to decide what to do next.
A higher yield curve is not necessarily good news for the broader economy and stock valuations– unless the economy resists to higher rates.
The S&P500 extended losses below the 200-DMA yesterday and the index now approaches an important technical support, the 4180 level, the major 38.2% Fibonacci retracement on last year’s rally, and which should distinguish between the actual positive trend and a medium-term bearish reversal. Nasdaq 100, on the other hand, eked out a...