Tag "bond yields"

Stock Market Update: One More Push Higher?

Stock market futures traded up near yesterday’s highs this morning, a sign that bulls are defending the bears attempts at lower prices. That said, the S&P 500 (NYSEARCA:SPY) remains largely unchanged for the last couple weeks… a tough tape to trade. Bond Yields & Currencies Treasury bond yields have broken…

Is The Bond Market Wrong About The Global Economy?

The September round of flash manufacturing PMIs saw our composite “global flash PMI” rising +0.4pts to 54.7 – the same level it got to in January before ranging as low as 53.9. Looking at the breakdown, all 3 major components were up in September: Eurozone +0.8 to 58.2 USA +0.2…

Chart Spotlight: U.S. Treasury Yields Under Pressure

As many of you know, I like to share charts that on trend lines. Whether price is testing, retesting, breaking out, or breaking down through a trend line, there’s a lot to be gleaned from them. Further, the 30 Year U.S. Treasury Yield (INDEXCBOE:TYX) is attempting to break through its…

Treasury Yields Poised To Grind Upward

Last September, we showed the support area where we expected long-term yields to begin a possible reversal. Soon afterward, the index rallied from the zone and broke through initial resistance, but it has spent most of 2017 until now in a corrective retracement. Now it appears that rates may be…

Global Bond Markets Are Breaking Down

After the big reflation reset in positioning, global bond markets are showing more signs of breaking down. We previously talked in detail about the idea of the reflation reset in the context of a decent global growth and inflation outlook which would likely set the scene for growth assets to outperform defensive/income assets. Now…

Global Bond Yields Rally: Is The Reflation Trade Back On?

This post was written with Craig Basinger of Richardson GMP. Over the past week we have seen global bond yields rally. This move higher has included an almost doubling of the German 10-year bond, from 0.25% to 0.46%, UK’s from 1% to 1.25%, Canada’s from 1.47% to 1.77% and to…

U.S. Equities Short-Term Outlook: Still Bullish

S&P 500 Futures: (2-3 Days)  Bullish It’s thought that the late day rally in stocks on Thursday should follow the breakout higher in Treasury yields (INDEXCBOE:TNX) and begin to trend up to new highs in the days ahead. While a neutral trend for the S&P 500 (INDEXSP:.INX) is an accurate depiction…

Market Update: Stocks Still Vulnerable To Near-Term Selling

Stocks are trading higher thus far this week but many indices are still below near-term trading resistance. The S&P 500 Index (INDEXSP:.INX) will remain bearish until it can hurdle the 2350 area on the cash index. See analysis and short-term outlook for S&P 500 futures below. S&P 500 Futures: (2-3 Days)  Bearish…

U.S. Equities Short-Term Technical Outlook – March 20

Most of the world stock market indexes are fractionally today, including the S&P 500 (INDEXSP:.INX). German and Italian bond yields are slightly higher, while the US Dollar (CURRENCY:USD) is largely unchanged vs most of the Majors. Equities have failed to show the kind of upside continuation that was thought to…