FYI: Long start to the week; a weaker end – final tally was a modest move up. #TRADEWARS(tm) dived down this week as earnings took center stage.
Naeem Aslam, chief market analyst at Think Markets U.K., in a note to investors said fears around a potential trade war and geopolitical concerns “have faded very much.”
The yield on 10 year Treasuries rose to about a 4 year high — still low by historical levels but these have been suppressed for ages so any movement up looks gigantic. Here is one opinion… but inflation has been a non starter for years by government measures at least.
“Had bonds yields risen because the underlying economy is accelerating, then, we would see higher stock prices too. But Friday’s weakness in stocks suggests that investors sold Treasurys because they are concerned that wage pressures and protectionist policies of the White House administration would send inflation higher,” said Kristina Hooper, chief global market strategist at Invesco.
For the week the S&P 500 gained 0.4% and the NASDAQ 0.5%.
Regards,
Ted
https://www.stocktrader.com/2018/04/22/weekly-market-recap-apr-22-2018/
