S&P 500 extends to a fresh session and record high

Author: Adam Button | Category: News

US stocks flying high

US stocks flying high
What a chart this is.

The S&P 500 stumbled in March but (as the seasonal trend predicted), April has been sensational. Month-to-date the index is up 4.9% with the Nasdaq up 5.9%.

The stock market is getting a lift today from positive economic data, but mostly from falling Treasury yields. US 10s are down 9 bps today to 1.54%. Zero Hedge has a good look at why that's happening, which boils down to position squaring and more of a wait-and-see attitude towards inflation.

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