AUTHOR
Mick Weinstein
380 postsYou may also like
Investors are still bullish about the US stock market
The US Treasury market experienced some unusual trading activity, with the UST 2-Year yield surging by 70 bps in February and then tacking on another post-Powell increase of 25 bps, reaching a peak of 5.07%, the first time eclipsing the ‘5%’ threshold since 2007.
Global equity markets have been driven to a great extent by the AI capex-fueled tech rally over the last three years. Until recently, there was not much differentiation between the Hardware and Software sectors of the Tech industry.
By Tuesday’s close, all three averages were down 3 percent on the week, and the S&P had given up its post-election gains. Stocks fell as tariffs affected Canada, Mexico, and China. Each country announced retaliatory tariffs of their own, further fanning inflationary fears among investors.