SPX 5 minutes
The intraday fluctuations in stocks over the past couple of weeks have been difficult to navigate and continue to be so today. Stocks opened higher then took a beating, partly because of rising Treasury yields.
However, the tide has reversed since the sale of 5-year Treasury bonds has come closer (0.4 bps). Since then, the auctions have not stopped, pulling the index 30 points from the lows.
I wouldn’t expect a break in volatility from here, with Meta, IBM, Ford and Chipotle among the names reporting after the bell.
cnbctv18-forexlive
