Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Impressive

By Karina Hernandez, Senior Research Analyst
11/20/2023 1:37 PM

The NASDAQ Composite keeps powering ahead like a juggernaut, but the S&P 500 stole the spotlight by nestling up to 4,500 - its first time since September.

Technology is leading this afternoon.  Microsoft (MSFT) hit a new 52-week high and is among the best performing stocks in the sector after the company announced it has hired former OpenAI CEO Sam Altman.

Leading economic indicators remained deep in the red in October -0.8% vs. consensus -0.7%, continuing a string of declines since mid-2022.

There was a solid 20-year bond auction at $16 billion at a high yield of 4.780%, showing good demand, causing equities to move higher and rates lower. 


Comments
I am confused with how the 20 yr was a good auction with such low accepted.....considering in the recent past similar auctions were termed as sloppy or negative.

mb on 11/25/2023 10:56:20 AM
Last 20 year high yield (return) 4.780 versus when issued 4.79 and primary dealers only took 9.5% from 11.9% in Oc 18 auction - that is considered a win - anyone is allowed to have a different opinion but it was the narrative accepted by the market.

Charles Payne on 11/28/2023 7:34:57 AM
 

Log In To Add Your Comment

PREVIOUS COMMENTARY

12/4/2023 1:07 PMThe Memo
12/4/2023 9:33 AMROTATION IN MOTION
12/1/2023 1:10 PMTrepidation
12/1/2023 9:26 AMNOVEMBER ROCKED - WILL DECEMBER FOLLOW?
11/30/2023 1:44 PMDerailed
11/30/2023 7:39 AMFORGET CHASING & FOXHOLES – TIME TO MAKE MONEY
11/29/2023 1:19 PMSoft Landing?
11/29/2023 9:44 AMRUMBLINGS BENEATH THE SURFACE
11/28/2023 1:08 PMDifferent Approach
11/28/2023 9:35 AMYO, ADRIAN  
11/27/2023 1:40 PMCherry Pick
11/27/2023 9:38 AMCHILLED AND CLICKED  
11/24/2023 9:38 AMHalf Day
11/22/2023 1:10 PMHappy Thanksgiving Eve
11/22/2023 9:38 AMANYTHING BUT HO-HUM  
11/21/2023 1:21 PMAll eyes on NVIDIA
11/21/2023 9:51 AMBUYERS STEPPING UP  
11/20/2023 1:37 PMImpressive
11/20/2023 9:36 AMCAN THE SMALL-CAPS BE BIG?
11/17/2023 1:44 PMTight Trading
11/17/2023 9:44 AMCan A Soft Landing Be Achieved?
11/16/2023 12:41 PMJarring News
11/16/2023 9:33 AMLEAVE THE WINNERS…BUY THE LOSERS?  
11/15/2023 1:19 PMNovember to Remember
11/15/2023 9:55 AMI’LL DRINK TO THAT
More commentary archives
Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.

 
×