Another day, another -500 point opening on the S&P 500 index.
This time, the S&P 500 index led to a -10% decline over the past 6 days. Ain’t that a kick in the head!
The 10-year Treasury yield has dropped … again … to its lowest point in modern history.
US pending home sales YoY are a recipient of declining 10-year Treasury yields and 30-year mortgage rates.