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Dollar liftoff & Treasury selling gaining steam, as Yields cross 1.77%

A couple common themes that have occurred recently which are continuing this week-  Treasuries selling off, while the US Dollar makes further headway to the upside-  Most European indices are higher by 0.50% while US futures are largely flat-  Both Crude and  Gold are showing small losses and US 10yr yields are still widening out vs Bund yields. -  This surge in TNX above 1.75 is likely to cause even greater strength in Financials and given the recent breakout in Tech again with NDX back at new highs and Industrials breaking out in Equal-weight Relative terms vs SPX this should still be a positive for S&P with most of the Risk-on sectors acting quite well, while the Defensive oriented, yield sensitive sectors are having a tougher time-  For today, getting up above 2163.will be important for S&P while a breach of early morning lows - 2151.75 should take S&P down to 2148, but the ongoing range-bound pattern for S&P continues albeit with a bullish bias given the sector rotation.  Airlines have shown some evidence of trying to breakout in the last couple days and this should provide a further source of strength for the transports and for Industrials-   For today, long bias and look to buy any dips given the chance- Premkt movers:  LPCN, RDUS, JKS, AAPL, TWLO, while on the downside- ILMN, STJ, RCII, LITE and PACB-  Let me know if you have questions