Per le cripto, settimana nera. Wall Street volatile
May 21, 2021Dow up 230 points, S&P 500 touches 4,200 as tech stocks climb
May 24, 2021Treasury 10-year yield deepens its fall to 1.592% from 1.605% earlier today. Spartan’s Peter Cardillo says there’s no clear trigger, except for investors adjusting to recent inflation readings showing fast price increases. “I don’t see any change in thinking from a fundamental view point,” he says. “It’s technical as yields failed to move beyond their 52 week high on the last hefty inflation data.” Cardillo expects yields to “find support around slightly lower levels.”