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Boeing 737 Max fix unveiled | Trump's win on trade | Low rates are bearish now

Now Wall Street believes low rates are bad now with any movement in the 10-year yield dictating stock moves.

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WED, MAR 27, 2019

EVENING BRIEF
 
DJIA 25624.64
-0.13% -33.09
S&P 500 2805.33
-0.47% -13.13
NASDAQ 7643.38
-0.63% -48.15

 

DOW
NAME LAST CHG %CHG
AAPL 188.47 +1.68 +0.90%
MSFT 116.77 -1.14 -0.97%
CSCO 53.14 -0.09 -0.17%
S&P 500
NAME LAST CHG %CHG
AMD 24.89 -0.80 -3.11%
GE 9.96 -0.14 -1.39%
BAC 27.02 -0.19 -0.70%
NASDAQ
NAME LAST CHG %CHG
AMD 24.89 -0.80 -3.11%
SIRI 5.66 -0.04 -0.70%
AAPL 188.47 +1.68 +0.90%

 

EDITOR'S NOTE

 
 
Stocks struggled as bond yields dropped again. It seems investors like low rates when they are helping us out of a recession, but not when they are signaling we are going into one. On an intraday basis nowadays, when yields decline, the S&P 500 ticks lower. It wasn't too long ago (December) when a spike in rates sent stocks lower.

Back in the real world, Americans still view the economy as excellent or good:
Image
This survey, reported by Steve Liesman shows half the country believes the economy is still just fine. And nearly the same percentage of people approve of President Trump's economic stewardship. Worth noting, the CNBC All-America Survey was conducted March 18-21, before Robert Mueller sent his report to the attorney general and before the yield curve hysteria broke out last Friday on Wall Street. But something tells me the latter wouldn't have mattered much since Main Street likely isn't as worried about the bond market's recession indicator as traders watching every headline.

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