Editor’s Note:
This is the Afternoon Capsule that was provided before the important jobs report was released. The jobs report was released this morning. To see the latest on the jobs report, please see the Morning Capsule that is available to paying subscribers. The Morning Capsule is issued every morning before the market open.
To gain an edge, this is what you need to know now.
10 Year Yield Tops 4%
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:
- In the Morning Capsule, we wrote:
When the AI frenzy started, it disconnected the magnificent seven stocks from interest rates.