Stock Talk October 1 NY Strategy [52-week high continues, long-term yields, high-tech stocks supporting US-Japan equities]
Hello! This is Sakagu from Stock Talk.
Major checkpoints for the New York stock market and the intraday trading (futures arbitrage trends that apply to the 1st and 2nd day as well)
The biggest risk is the U.S. long-term bond yield.
The 10-year yield at 5.327% and the 30-year yield at 5.671% pose a clear headwind against stock valuations.
On the other hand, in the NY stock market over the last 30 days, Information Technology is relatively strong at +0.60%, and the NASDAQ-100 is also in positive territory.
Continuing to differentiate between interest-rate-sensitive stocks and large-cap technology, will it stay firm?
WTI crude oil futures rise into the $92 range, and the combination of higher oil prices potentially reinforcing inflation and rising rates warrants caution.
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NY Market Outlook for the Day