3% Danger Zone?
Last Week: Rising interest rates, rising corporate profits, and company specific news, were the three main drivers in the market, which finished modestly positive as the S&P 500 posted a 0.52% gain. The Ten-Year Treasury yield jumped 12 basis points to 2.95%, its highest level in four years. We are not short-term traders at North Star, but I think we are in the danger zone, since much of the volume comes [...]