CPI Sends Tech Stocks, Retail Banks, The Russell, And Bonds Flying - Your Evening Play
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In last week's video, I highlighted the rally reversal in bonds and tech stocks, and one week later, we see that same play continuing - and extending - to new 52-week highs in market-cap leading tech stocks including MSFT, META, AMZN, and others. In tonight's video, we pinpoint the CPI inflation data and how it helped extend the fall in TNX (10-Year Treasury Note Yields) while boosting tech, regional banks (KRE), the Russell 2000 (IWM), and bonds (TLT and others) much higher.
Video Length: 00:11:06
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