Right as called for clients, Nasdaq served premarket intraday gains on the long side, while S&P 500 provided the bulk of them on the short side yesterday. Brace yourselves for volatility today as there are quite a few catalyst with potential of forcing them ahead (and I don‘t mean Mideast now). Till then, consolidation time ahead, even though it doesn‘t look like that if you check yields (the farther out on the curve, the more prominent the ascent).
About The Author
