🕵️‍♂️ I SPY, QQQ, IWM TA - Monday Nov. 15, 2021

Nov 13, 2021

∙ Paid

US Market Wrap - Financial Juice

As inflationary pressures continued to resonate across markets, equities in the US rose, led by technology and communication services.
After a drop on Wednesday due to higher-than-expected consumer prices, the S&P 500 gained 0.7% in its second day of gains. After announcing that it will split into two companies, Johnson & Johnson gained. After revealing production delays, and Lordstown Motors' stock dropped.
The value of treasuries has dropped.
While global stocks have experienced their first weekly loss since early October, their losses pale in comparison to the bond market's gyrations.
Following a strong corporate results season, stocks have remained near all-time highs. Bond traders, on the other hand, are concerned that rising inflation would lead to tighter monetary policy. Consumer confidence in the US has slipped to a 10-year low.
After a US trade holiday on Thursday, Treasury rates climbed on Friday, with the 30-year bond gaining 4 basis points. Meanwhile, a measure of the yield curve in the United States has flattened to its lowest level since March 2020.
Stocks in Europe rose, led by luxury consumer companies, while shares in Asia rose, aided by a rally in Japan.
The dollar declined as a result of the US' warning that Russia may be contemplating an invasion of Ukraine.
Oil slipped and gold erased previous losses.