US 10 YEAR
Added 2024-06-06 14:00:49 +0000 UTCUS 10 YEAR has lost its 200 Day MA.....very good news for the financial stocks we follow like $PYPL, $SQ, $SOFI and $AFRM....$PYPL reacting very well to this too.
The US 10 YR was looking like it could run away after going as high as the 0.78 Fib in April but has since rejected hard and the possibility of Rate Cuts happening this year has cooled the concerns.
What we would like to see next is a possible retest of the 200 Day MA from below and a clear rejection....this would be a good move for the stocks mentioned above.
Comments
Deflation coming to the housing market?
Alex
2024-06-07 01:09:02 +0000 UTC
