To gain an edge, this is what you need to know now.
10-Year Yield
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- Please read the Morning Capsule titled “ALL INVESTOR EYES ON JACKSON HOLE AND PCE.”
- Bond traders tend to be smarter than stock traders.
- Bond traders are making a call on Powell’s speech opposite to the call of momo crowd gurus.
- The call of the bond traders is that Powell will be hawkish.
- Bond traders are selling bonds.