Rate Decision Ripple Effects, Equities' Resiliency, and the Trading Day Ahead 6/15/2023
Morning Call
00:00
Bond Yields Are Up Sharply in Europe and Asia
The S&P and the NASDAQ are extending their longest daily wind streak since November of 2021. Not a single person on the committee wrote down a rate cut this year nor do I think it is at all likely to be appropriate if you think about it. We're also seeing quite a big move in bond yields in europe today with bond yields up five to six basis points. And we got to check crypto very quickly future rate hikes putting a bit of a scare in bitcoin and ether they're down sharply this morning.
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