SPY Eyes 690 as Global Bonds Reprice

THIS IS BAD: $SPDR S&P 500 ETF Trust(SPY)$ just went GREEN ahead of the most important payrolls print in 2025.

As long as it can hold above 684 and 680 this week it should break 690 within 9 days. This chart confirms it (make sure to study it).

Stocks in Asia and Europe surged overnight.

US futures stayed firmly green.

Traders are now betting that a Fed rate cut could ignite a worldwide rally into year-end so a massive explosion is coming.

Europe’s Stoxx 600 rose 0.3%, with autos and industrials leading.

Asian markets hit their highest levels in two weeks, powered by Japanese heavyweights.

SPY is set for an eighth gain in 9 sessions.

But here’s the part nobody is highlighting.

Global bonds slumped again.

Japanese yields are now driving the entire world’s risk pricing.

Senior government officials signaled they won’t oppose a Bank of Japan rate hike this month.

One sentence shifted global sentiment.

The 10-year US Treasury yield quietly pushed to 4.08%.

The 30-year auction was strong, but it didn’t matter.

Rising Japanese rates are shaping the global bond market.

Bitcoin held above $93,000.

The Dollar stayed stable.

Investors rotated into defensive and value sectors while tech valuations remain a concern.

This is not noise.

This is positioning before a catalyst.

And yet the real story is deeper than the green numbers.

Sentiment is shifting.

The market is preparing for a world where a single Fed cut could change the entire trajectory of 2025.

You are watching a reset.

The assumptions of November do not apply anymore.

A new playbook is forming in real time.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

SPY Eyes 690 as Global Bonds Reprice

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Comments