Smart Money Performance Creates Doubts In The Stock Rally – Investing.com
- Date: 24-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Smart Money Performance Creates Doubts In The Stock Rally – Investing.com
closed a second consecutive day with an impressive gain of more than 1%. The price of a barrel of on Thursday returned to yearly highs near $77. However, investors and traders should be aware that some shifts are already taking place in the markets, which will affect a broader range of assets sooner rather than later.
We should note the daily jump in from 1.3% to 1.44%, the sharpest one-day increase since February. It confirms that the latest were more hawkish than expected for the "smart money," often called US debt markets. At the start of the year, the rise in bond yields triggered revaluation in equity markets, supporting value stocks against growth stocks and making financing more expensive.
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