Yields, stocks and gold

PPI brought about even more risk-on SPY move than CPI – markets disregarded how hot it came, and assigned no higher odds to Fed tightening. The focus looks to be on no Sep hike, and it requires stronger than expected incoming data to dial back the too easy Fed miscalculation, such as this Empire State manufacturing did. 4,562 daily top call turned out true, and more of a slow grind higher premarket, is being sharply reversed.

Keep enjoying the lively Twitter feed via keeping my tab open at all times – combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra intraday calls , but getting the key daily analytics right into your mailbox is the bedrock. 4,532 turned support, and will be no small feat overcoming it today. 4,550s shouldn't though be overcome on a closing basis – even on this quad witching day. If momentum picks up, 4,515 isn't out of the question.Gold turned that trouble around, and GDX offered a glass half full view in the end. Especially today it's been ignoring rising yields, also concentrating on upcoming Wednesday.

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Stocks sink as bond yields surge: Stock market news todayThe Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.
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Stocks pummeled as bond yields surge amid hot jobs data: Stock market news todayThe Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut any time soon.
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Stocks pummeled, bond yields surge amid hot jobs data: Stock market news todayThe Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut anytime soon.
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Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerNEW YORK (AP) — Wall Street is sinking again under the weight of higher yields in the bond market. The S&P 500 fell 0.5% early Tuesday and is back to where it was in June. The Dow fell 157 and the Nasdaq composite was down 0.6%.
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Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
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