Premarket: Apple is red

From the Wall Street Journal’s "Stock Futures Fall as Bond Yields Edge Higher" posted early Monday:

U.S. stock futures fell to start the week, indicating that major equity indexes could decline again following last week’s big swings...

U.S. government bonds sold off again, pushing the yield on the benchmark 10-year Treasury note to 3.171% on Monday from 3.124% on Friday. That put it on course to settle at another fresh multiyear high. The 10-year yield has risen 1.6 percentage points since the end of 2021, leading some investors to reassess the valuations of technology and growth stocks. Bond yields rise when prices fall.

“Yields are climbing because investors think inflation is out of control,” said Peter Andersen, founder of Boston-based investment firm Andersen Capital Management. “The reality is that we have been living in an extraordinarily low-rate environment for a long time, and it’s natural for the Fed to be raising rates, regardless of the inflation numbers,” he added.

Charts: Yahoo!Finance sees a bearish commodity channel index pattern. Max pain stays at $162.50 but the chart got rejiggered after 6 a.m. There's a call mountain $170 and a new, even taller put peak at $185. I've never seen that before.

New: Post 6 a.m.

Old: Pre 6 a.m.


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