Market On Open - Friday 13 October
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Closing Out The Week
We saw some retracement of the week's gains yesterday, not following a slightly warmer than expected CPI print, but following a weak Treasury auction. This had the effect of pushing up yields, and since the whole equity market is now a bonds vs. equities expert, we saw some selling hit the equities. So far, including premarket today, the selling has been well within normal technical retracements of the prior up-move, and the patterns continue to look bullish. That can change at any time of course, but that's how things look right now.
Paying members, scroll right down for our latest take on markets. As always we look at the 10-year yield, the S&P500, Nasdaq-100, Dow Jones and the Russell 2000; we consider long-term and short-term outlooks, and we lay out staff personal account trading plans in each of the indices. We add Bitcoin and Ether futures pricing for good measure.