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Voting Rights Act Fast Facts
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OP: Turn Around Turn Around Tuesday, S&P and Nasdaq Snap 5-Day Winning Streak
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July 20, 2021
Daily FX Market Roundup 07.20.2021
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management
Stocks bounced back sharply on Tuesday as the S&P 500 erased nearly of Monday’s losses. Investors were relieved that Treasury yields stopped falling but beyond that, there was no specific news or catalyst. The COVID-19 delta variant is a big worry but as long as hospitalizations and serious complications are limited in countries with high vaccination rates, investors are buying the dips. That could change quickly but for now, medical experts and government leaders continue to believe that more widespread vaccination is the solution to slowing the spread of the delta variant.
Stocks reverse while yields hammer out a bottom Stocks reverse while yields hammer out a bottom
Joe Perry July 20, 2021 9:21 PM
What is the catalyst that will help stocks to continue to move higher and bonds move lower (yields higher)? Share:
Turnaround Tuesday strikes again! Stocks reversed course today and are up nearly 1.75% as the S&P 500 traded above yesterday’s highs, near 4328. Just as we have seen several times since the large index began forming the rising wedge in the fall of 2020, a large selloff one day as been followed by a larger positive move the next day. Today’s move resembles that of June 22