/biz/ - Business & Finance

random gap up in cryptos tonight
still not as "strong" as treasury yields though
high ten year yield = money is expensive
this is usually really bad.
like shit is hitting the fan. super bearish
especially with the potential for another rate hike this year. jpow is wild for that one.
but I don't know. you got the AI hype as a compelling narrative. earnings are surprising to the upside. and of course, the allure of buying the dip. (even though we barely had a dip. not even under the 200dma on SPX)
a lot of conflicting narratives at play here.
but I think we end the year with a rally.
maybe even new all time highs, we'll see.