All Eyes On AMD As CAT Jumps
While investors remain focused on the technology sector, industrials and other cyclical stocks continue to break out. The big question remains whether the economy will perform as the consensus “soft landing” view believes. But the market is certainly positioning itself as if it will. 🤔
Check out the popular long-term treasury ETF $TLT hitting fresh year-to-date lows today. Although the Fed Fund Futures market still isn’t pricing in another hike before the end of the year, the rest of the bond market seems to be getting comfortable with the fact that rates may need to head higher (and stay there longer).