Stocks fall after hot inflation data drives bond yield spike

[ipatent]

Dow drops 240 points, Nasdaq falls 1.7% after hot inflation data drives bond yield spike

The yield on the benchmark 10-year Treasury, which had trended lower in recent weeks, jumped by about 11 basis points Wednesday after the CPI reading. (1 basis point is 0.01 percentage points.) A poor auction in 30-year bonds that afternoon added steam to the spike.

As Treasury yields surged, investors dumped high-flying technology stocks and bid up bank stocks. They also sought refuge in gold and bitcoin.

 

[Nobert]

As Treasury yields surged, investors dumped high-flying technology stocks and bid up bank stocks. They also sought refuge in gold and bitcoin.

Not the most reliable source for the news.

And


https://www.elitetrader.com/et/threads/2-trillion-market-cap-to-zero-in-1-sec.362668/

 

[sandy_s]

There is always a reason published why stocks fall.

That is entertainment.

 

[MKTrader]

There is always a reason published why stocks fall.

That is entertainment.

It usually is, but inflation is real and not very entertaining.

 

[maxinger]

Stocks fall after hot inflation data drives bond yield spike

--->

Stocks, copper, crude oil, EUR, GBP, bonds ... down massively,
and gold up massively after hot inflation data

 

[ipatent]

Thoughts??
Gold $3000: The Ascent Begins

 

[maxinger]

There is always a reason published why stocks fall.

That is entertainment.

unfortunately, those professional writers didn't do a good writeup.
They don't have a good helicopter view.
They had tunnel vision and they just focused on stocks and yield.

That's why I changed the title (see my earlier posting).

 

[sandy_s]

It usually is, but inflation is real and not very entertaining.

It is...

By the time it is published- its too late.

That is why it is entertaining.

 

[sandy_s]

unfortunately, those professional writers didn't do a good writeup.
They don't have a good helicopter view.
They had tunnel vision and they just focused on stocks and yield.

That's why I changed the title (see my earlier posting).

Probably this writer focusses only on stock and yield.

Correlation...matters a lot!