Don’t Panic! NASDAQ Plunges 5% As 10Y T-Note Yield Rises +16.1 BPS (NASDAQ Simply Back To Before Fed Announcement, But Treasury Rates Higher)

Bank of England, Bank of Japan, Banking, China, Cryptocurrencies, Currency, Fed, GDP, Gold, Housing, Inflation, Mortgage, Natural Gas, New Home Sales, Oil, Powell, REITs, SPX, Stocks, Treasuries, Treasury, Uncategorized, Yellen, Yield Curve 1 Minute

The headline screamed “NASDAQ PLUNGES 5%!

True, it did, but it simply lost the gain’s from yesterday’s surprisingly mild Fed announcement.

But the 10-year Treasury yield is rising faster than my blood pressure. The 10-year Treasury yield is up to 3.09%.

Cryptos? Bitcoin is down -7.27% and Dash is down -8.23%.

Watch out mortgage rates!!

Don’t panic … about the NASDAQ. EVERYBODY PANIC about rising mortgage rates.

Published by confoundedinterest17

Published