Wednesday, February 9, 2022

Finspiration Australia. U.S. T-Note yields fall boosting stock returns

Overnight. 


Dow Jones +0.86%.  SP500 +1.45%.  Nasdaq +2.08%.  Small Caps +1.12%.  Banks +0.09%.

SP500.


SP500 has broken upwards from its short-term consolidation.  It remains locked between the 50-Day MA and the 200-Day MA.  The chart also remains below the Ichimoku Cloud.  This remains, in my view, a counter-trend rally.  Wait.

Commodities.


 Commodities Index +1.01%.  Energy +0.56%.  Base Metals +2.76%.  Gold +0.34%.

Iron ore down -2.1%.

After 10 minutes of trading, the XJO is up +0.6%.

NAB reported this morning and is going gang-busters, up +3.49%, that will further boost the price of the other banks.

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