Last week: Performance
Alternatives flourished as Bitcoin led major asset classes and gold outperformed most equity indexes. On the sector front, only healthcare and technology gained ground, while utilities lagged.
Want more thoughts on last week?
I joined Ryan Detrick, Sonu Varghese, and Jay Woods in the final hour of trading for a special live edition of the Facts vs. Feelings podcast. It was a great discussion and you can catch the replay on Twitter (fine X), and YouTube.
Last week: The most important moves
The Fed hikes interest rates for the first time since 2023
We’ve been on this since the 2-year broke out in May, and the above excerpt appeared in the Monday Morning Playbook.
Yields at the long end back off
Well slightly.
But was is because of the Fed, or because of oil?
I would argue oil. And while we could pull back more, the $112 target is in play if we’re above $93.50.
Another weekly save at 7621 for the S&P 500
