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Market Update – November 11 – Gigantic day in stocks and bonds

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  • The USD Index The big loser of the day was Kim, who plunged 3 large figures to a low point of 107.67 An intraday high of 110.99 Before the data. It recovered only marginally, but it was close to being reestablished at 108.20That is the lowest point since mid-September. Stocks Skyrocketing inflation has raised expectations of a drop in Fed rate hikes, and a lowering in the projections for an increase in the terminal rate. Yields To 3.938%, the 5-year saw a 30 bps drop in the belly. The 10-year was down 27 basis points to 3.813%. It was the lowest close of 4% since Oct 27, 1997. The 2-year yields saw their largest drop since 2008.
  • EUR – rally above parity and currently at 1.0230.
  • JPY – drifted to 140.19 From 146.50 high. Largest fall since 1998
  • GBP – Sterling spiked to 1.1736 Post US CPI data. The GDP data from the United States showed that the UK’s economy contracted less than anticipated in the third quarter.
  • Stocks – Wall Street broke 2-month resistance. US100 The rocketed 7.35% higher 11,114With the US500 surging 5.54% to 3,956The meanwhile, US30 Was up 3.70% 33,715. This was the largest percentage increase in two years.

  • USOil – higher at $88.60 From $84.73.
  • Gold – Spiking to its highest week since March, it had its best week. 1760The week has seen a 4.2% increase in,
  • BTC – However, the crypto crisis continues…



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