Recommended by Daniel Dubrovsky
Get Your Free Top Trading Opportunities Forecast
Global market sentiment remained upbeat this past week. On Wall Street, the Dow Jones, S&P 500 and Nasdaq 100 gained about 0.3%, 1.1% and 1.9%, respectively. This is as the VIX market ‘fear gauge’ closed at its lowest since the beginning of this year. Meanwhile, the United Kingdom’s FTSE 100 and Hong Kong’s Hang Seng Index climbed 0.93% and 6.27%, respectively.
A key development was another notable decline in the 10-year Treasury yield, which sank 5.5% to touch the lowest since September. Since October, markets have been pricing in an increasingly dovish Federal Reserve. A closer look at the Fed implied curve shows that traders have added at least 75-basis points in rate cuts 2 years out.
Unsurprisingly, this has coincided with the worst month for the US Dollar since September 2010 as the DXY Index tumbled 5.1%. A…
