Market in Review 5/29/2024 – Concept Trading
MARKET REPORT Review:– Treasury Yields spike leading to Equity sell off post government 7yr Auction flop– 10-yr yield tops key 4.5% level hitting 4.63%– concern Fed will hold IR higher longer Rate cut hopes decline – Surprising boost in US consumer confidence– Mixed bag of regional Fed survey data:– Richmond Manufacturing good– Richmond Biz Conditions…