Equity bulls entered Monday on a mission to right the wrongs from last week’s selloff after rising global bond yields sent shockwaves across the board.
As markets roared back life, it felt like investors shrugged off the threat of rising Treasury Yields with the “buy the dip” theme in full force. This was reflected in the FTSE100, STOXX Europe 50, S&P 500, and especially the Nasdaq 100 which soared back above its 50-day simple moving average.
However, the rally across global stocks was short-lived with equity bears making an unwelcome return as the bond market selloff left… Read More:
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