Afternoon Note
After a couple of rough sessions, the market is mostly marking time. There are a couple of known knowns.
The downtrend is firmly intact. Key potential breakout points fail and spark big emotional selling.
The relationship between the ten-year yield and the tech sector is remarkable and maybe oversimplified. But it's clear that in the past year higher yields equal lower tech stocks. Periodically, yield dips trigger tech bounces. With that in mind, at some point, lower yields will positively influence tech. But there are wrinkles, including Fed policy.
I need to see a session like this close in a rally - not coming off a super depressed rout, but climb into the plus column, and finish at the high point of the session
Comments |
Charles, bet you know this one to get us thru these times Have faith, hope and charity That's the way to live successfully How do I know, the Bible tells me so fred wiese on 12/7/2022 2:04:17 PM |
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