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Weekly Market Recap Oct 14, 2018
by Mark Hanna on October 15, 2018 at 7:16 am
Wednesday and Thursday finally brought some fireworks to a very complacent market. The S&P 500 had not had a 1% move in 74 days until Wednesday's drawdown. Rising yields were nailed as the culprit but months of rallying eventually require some sort of shake out - whatever the catalyst. Wednesday's sell off was the worst day for the S&P 500 since February and the worst for the NASDAQ... […]
Weekly Market Recap Oct 7, 2018
by Mark Hanna on October 8, 2018 at 9:23 am
Certainly the chart of the week was not in the stock market but the bond market. The yield on 10 year bonds surged over recent highs, which rattled the indexes late in the week; in fact these are levels not seen since 2011. “Yields spiking up this week have caught many by surprise and some repricing is happening; however, the reason yields are rising are positive, not negative,” said Jamie Cox,... […]