Market has pretty much stabilized as bond yields come down. Today's action, as the 10yr bounced off of the 5% line, will lead us the rest of the month. If the market gets comfortable with 5-5.25%, and we get liquidity back in the hi yield and CDO's, then we can have a continuation of this summer rally. Me thinks the market could hick-up further down the line as earnings will not surprise as last quarter. Still like 1465 support in the SPX.
Enjoy the 4th.
1 comment:
Seven-ten split on the down-low with a side of fries. Adam and Eve on a raft; sink 'em. 51% of all turns are left turns. Row your boat.
Hey, I think I'm getting the hang of this money-talk stuff!
Have a safe 4th!
Post a Comment