August CPI presents a double-hit pattern of "energy prices fueling the fire + service industry inflation stubbornly recede"
10-Year Treasury Hits 5% Intraday — Can Equities Hold?
Indexes held up far better than chips: QQQ −0.80% to $709.18, SPY −0.45% to $760.88, S&P 500 −0.48% to 7,619.98. The 10-year touched 5.012% intraday, highest since 2007, then closed near 4.95% — it did not hold 5%. Inflation and supply both pushed: Friday's data took hike odds to 88%, oil rebounded, government and corporate borrowing keeps growing. A higher discount rate hits earnings that sit furthest out — chips fell hard, the index under 1%. The Fed decides Wednesday, 2 a.m. Beijing Sept 17. The index not following chips looks like rotation, not exit. At 5%, has the market reacted enough?
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.
Comments