US equity indexes closed on a weak note, SPX -20pts (0.5%) at 4388. Nasdaq comp’ -0.2%. Dow -0.7%. The Transports settled -0.4%. R2K -0.4%.
sp’60min
Summary
closing hour action: micro chop, leaning a touch weak. S/t momentum continued to recover upward, if still settling on the moderately negative side.
*awaiting earnings from FedEx
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… and that concludes a Tuesday. It was a bearish day… if only moderately. Powell will be an excuse for another push upward.
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notable bond yield proxy: TNX
Yields cooling back… for no particularly good reason.
Bond bears need to see the US 10yr break >4.10%
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notable banking ETF: KRE
A fair few recognise its not over.
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notable bank: BAC
Trying to hold above key price threshold.
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Have a good evening
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more later on the VIX and Indexes by 6pm EST