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.”
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