Market Breaks Expectations; Coupang, Nvidia, Arista Provide Lessons
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Thursday looked promising, but now we need to readjust our expectations.
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The 10-year Treasury yield rallied a bit after the minutes from the May 1 Fed meeting were released. Just after the close, the yield was trading around 4.43%, up 2 basis points. Oil and gas stocks lagged badly, along with metals and mining stocks. Loar Holdings followed through after clearing an...
Published 05/22/24
The major indexes had another quiet session, as investors await Nvidia earnings. But leading stocks continue to fare well. Eli Lilly broke out while Microsoft flashed a buy signal. Ares Management tumbled Tuesday on investor day, but pared losses to hold the buy zone.
Published 05/21/24
Published 05/21/24