- As this is being written on Friday morning, June 10th, 2022, the 10-year Treasury yield at 3.14% is poised to trade above the May 9, '22 cycle high of 3.167%.
- When you think about the economic data – particularly the non-farm payroll report – it takes another two months after the initial release to determine the final number.
- To salvage the S&P 500 stock and bond markets as of today, I think you'd need to see a 10% pullback in the price of crude oil and gasoline.
For further details see:
S&P 500 Earnings: The Growing Conclusion There's More Risk To 'E' Than 'P'