RJO FuturesCast

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Stocks Down as Treasury Yield Rises

Posted 10/04/2018 10:21AM CT | Jeff Yasak

Overnight markets were generally mixed with most of the world seeing declines and the exceptions being some of the pacific markets.  It finally seems as if the higher treasury yields are giving investors another option besides the stock market.  We haven’t seen these treasury yield levels since 2011 as it broke 3.2%. Jerome Powell, the Fed Chair, stoked the fire by saying the central bank had ways to go before interest rates hit neutral. This suggests that there will be more rates hikes in the future. There will be some key earning reports this afternoon with Costco, International Speedway, and Constellation leading the way.

E-Mini S&P 500 Dec ’18 Daily Chart

E-Mini S&P 500 Dec '18 Daily Chart

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Jeff Yasak

Senior Market Strategist
Jeff studied finance at the University of Wisconsin-Madison and at Loyola University. He left the corporate world in 1995 to pursue his dream of working in the financial markets. Jeff's trading career began as a clerk in the S&P 500 pit at the Chicago Mercantile Exchange. This is where he developed a great interest in the options market that led him to the retail futures business. Jeff spent a few years as a broker's assistant before managing clients of his own.
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