Beware, markets are unpredictable. Allegiances change. Trading is about rolling with the punches and risk management. Some market participants believe that Treasury yields might be peaking in the short term. Friday's 10-year T-notes' yields closed well off their highs, possibly forming an imperfect, powerfully bearish shooting star.
Before the rate cycle, yields and equities possessed a positive correlation when investors were buying stocks at the expense of equities when assuming risk and vice versa when seeking shelter. So, if traders' betting on rate hikes will indeed peak, who's to say that stocks and yields won't return to their pre-rate cycle relationship?
Whatever the case may be, I expect considerable volatility, as institutions may try to figure out the new market normal after 10-year yields climbed for 12 weeks straight - in its longest winning streak since 1984, when Fed Chairman Paul Volcker was doing the same that Powell has been doing, aggressively raising rates - in Powell's case, to the highest levels since mid-2008.in the first half of 2023.
My m HM.
The earnings:
भारत पाकिस्तान मैच के दौरान मेलबर्न में भारत जोडो यात्रा और राहुल गांधी... मोदी जी इसे लहर कहते है जो इस वक़्त राहुल गांधी की चल रही है :