To gain an edge, this is what you need to know now.
ChatGPT On iPhone
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:
- There have been three negative developments today that should have dragged the stock market down. Here are the three developments:
- The chart shows when leading indicators were released. Leading indicators came at -0.6% vs. -0.5% consensus.
- Yields are rising. Rising yields are normally negative for stocks, especially tech stocks.
- Three Fed speakers have been extra hawkish today.