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#mondayrebound #futures
The stock market rally looks to continue momentum this week, with the S&P 500 and Nasdaq composite back above their 50-day moving averages and many leading stocks flashing buy signals. However, the 10-year Treasury yield continues to march toward long-term highs, a potential headwind for the market rally. The August consumer price index is due out early Tuesday.
Warren Buffett has loaded up on more Occidental Petroleum (OXY) shares, with Berkshire Hathaway (BRKB) disclosing a 26.8% OXY stock stake late Friday. OXY stock rose late Friday after round-tripping a recent breakout last week.
Tks