Stocks rallied in overnight trading after China announced it would buy stocks to put an end to the daily declines in China’s stocks. Treasury yields also fell in overnight trading on the same news. Stocks were higher in early trading and Treasury yields were slightly higher from their opening bell. Redbook same-store weekly brick-and-mortar retail … Read more
Stocks rose in overnight trading and were trending higher in early trading. Treasury yields rose slightly in overnight trading with 30-year Treasury yields running into a wall at 2.3% as buyers continue to defend against higher interest rates. Stocks were mixed on the day as the S&P 500 was down slightly, the Dow was up, … Read more
Stocks rose in overnight trading but the enthusiasm quickly turned into selling as stocks were melting down in early trading. Treasury yields rose slightly in overnight trading as computer models interpreted today’s Nonfarm payroll report to be inflationary but buyers were eager to take advantage of the dip. Yields were flat in early trading after … Read more
Stocks were down slightly in overnight trading and up slightly in early trading. Treasury yields were flat in overnight trading and down slightly in early trading as the bond market awaits Fed Chair Powell’s speech this morning. Initial jobless claims rose last week as +748,078 Americans filed for unemployment benefits bringing the 4-week moving average … Read more
Stocks were flat in overnight trading and slowly falling in early trading. Absent any news, global government bond yields were slammed higher again as the biggest exodus of government debt continues. Treasury yields rose in overnight trading and were flat in early trading. Mortgage applications rose +0.5% last week as purchase applications rose +1.8% and … Read more
Stocks were flat while Treasury yields rose in overnight trading as once again, sellers continue to dump bonds in the thinly-traded overnight futures market. Stocks were down and yields were flat in early trading. Redbook same-store weekly brick-and-mortar retail sales fell -0.3% last month and rose +4.6% from this time last year. Stocks closed lower … Read more
Stocks rallied in overnight trading on news Democrats will be dropping their push for a $15 minimum wage. After an impressive late-day rally on Friday, Treasury yields were slammed back up in overnight trading as investors attempt to find out if Thursday’s and Friday’s buyers are holders. Stocks and Treasury yields were both up in … Read more