- Reaction score
- 2,761
Stocks opened lower with oil continuing to be the catalyst, and it is up almost 4% this morning, and that is pushing bond yields up as well.
Private credit issues caused Moody's to lower the credit rating of KKR to "junk."
Technically there is an open gap down by last Friday's closing price, and that will be a lure, but if oil continues to rally, we could see those lows get taken out. Otherwise, it may be a clean up job.
The 10-year Treasury Yield backed off after hitting 4.4% for the first time since last summer.
The pullback in oil on Monday was just enough to fill in its open gap from March 12. But now there is a gap (on the USO chart) opened this morning up by 121.
Gold, silver, and bitcoin are all relatively flat. All are in major pullbacks off their highs.
Private credit issues caused Moody's to lower the credit rating of KKR to "junk."
Technically there is an open gap down by last Friday's closing price, and that will be a lure, but if oil continues to rally, we could see those lows get taken out. Otherwise, it may be a clean up job.
The 10-year Treasury Yield backed off after hitting 4.4% for the first time since last summer.
The pullback in oil on Monday was just enough to fill in its open gap from March 12. But now there is a gap (on the USO chart) opened this morning up by 121.
Gold, silver, and bitcoin are all relatively flat. All are in major pullbacks off their highs.
