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Stocks and Cryptocurrencies Under Pressure as Bond Yields Push Higher

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Stocks and Cryptocurrencies Under Pressure as Bond Yields Push Higher

Introduction

This article was posted on Saturday, 16:12, UTC.

Weekly Recap Asset Current Value Weekly Change S&P 500 2423 0.03% DAX 12415 0.05% WTI Crude Oil 44.28 -4.10% GOLD 1212.00 -2.48% Bitcoin 2520 4.23% EUR/USD 1.1400 -0.08% Stock Weakness Continues as Yields Rise Across the Board European stocks and the NASDAQ led the markets lower for the second week in a row, as the European Central Bank’s alleged shift towards monetary tightening continued to influence global trends. Yields were rallying hard throughout the developed world, and with the returning strength of the Europe, it delivered a double blow to European equities. Friday’s session was a much-welcomed relief for bulls,…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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