Soaring yields got most of the blame for a selloff that saw the S&P 500 slip more than 10% from its late July high into correction territory at the end of last month.
Read: Wall Street veteran sees ‘once in a generation buying opportunity’ in unloved areas of global stocks The Matrix Trade analysts said the signal can be fine-tuned by combining it with unemployment claims. They expect first-time claims to break above the 250,000 threshold, at which point “there is likely no turning back.”
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »