By clicking on the “Proceed” button below, you will be redirected to a third-party website owned and operated by Hong Kong Tiimoot Information Technology Co., Limited. (“HKT”), which is located in Hong Kong. That website operates independently from Barron's and Barron's does not control the website. The privacy practices of HKT are subject to its Privacy Statement, so please read it closely.
We are not responsible for HKT's privacy or other data-related practices. The Bond Market Will Keep Driving Stocks—At Least Until Earnings Season If you want to know what's going on in the stock market any given day, the answer of late has overwhelmingly been: the bond market. That was no different on Friday, where the Dow Jones Industrial Average fell 230 points, or 0.4%.
The S&P 500 was down 0.2%. The Nasdaq Composite was down 0.1%. All three major indexes were faring far better until bond yields and oil prices took a chunk out of stocks.
David Donabedian, senior investment strategist at CIBC Private Wealth, tells _Barron’s_ he expects bonds to be in the driver’s seat at least until earnings season kicks off in October. Stocks Bend, but Don’t Break, in Head-Spinning September. The S&P 500 is having a typically rough September.
What happens next is tough to gauge. Why Stocks Are Loving the Fed’s Rate Hike Even If Trump Hates It Nvidia looks like a bargain, OpenAI reveals 6 ‘concerning’ incidents, and more news to start your day. Why Bitcoin and Strategy Stock Are Rallying Against All the Odds The world’s largest cryptocurrency has shown its resilience, rallying despite two potential setbacks.
Extract — continue reading at the source.
