Options Spy: At the stock market turning points, institutions choose the long-expiration options
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The 10-year Treasury yield topped 4.54 percent, a 16-year high, but energy stocks led the way, Amazon surged and the S&P 500 rebounded to close higher on Monday.Goldman estimates that each week of the U.S. government shutdown will shave about 0.2 percentage points off GDP, and it also expects the resumption of student loan payments to shave 0.5 percentage points off U.S. economic growth. The threat of inflation has re-emerged, and soaring oil prices and large fiscal deficits are spurring losses on government debt while hurting market sentiment. The Fed last week left its benchmark interest rate on hold, with expectations that rates will remain high for a long time and its hawkish stance unchanged.Chicago Fed President Austan Goolsbee noted that inflation persistently above the Fed's 2