Just like the good old days: Yields, stocks, commodities, and USD/JPY all higher!

Things seem like they are back to normal, regardless of Jay Powell says: Higher stocks, higher yields, higher USD/JPY higher, higher Crude. They all seem to be acting in harmony with one another, just like the old days! With a dovish Powell, one would think the yields and commodities may be lower. Powell doesn’t think much of the inflation (or employment) right now, however, bond traders disagree. The 10-year yield reached its post pandemic higher today near 1.43%, its highest level since February 21st, 2020. Strong horizontal resistance confluences just above at the horizontal and phycological round number … (full story)

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