Outlook on equities, oil and gold prices ahead of 10-year US treasuries auction
Last week’s move up in equities seemed to be bound up in the lower yields. Today there’s a large auction of ten-year US treasuries, which may be pivotal, and a speech by Fed chair Jerome Powell.
The stock market's recent surge
In the past week, we've seen some really big gains in the the stock market. However, there's been a slight dip in the market in the first couple of days of this week. But don't worry, we have an expert named Serge Berger from thesteadytrader.com to give us some insights.
Serge explains that in their previous discussion weeks ago, they talked about the possibility of the market bouncing back, and now it seems like that's happening. He believes that there are multiple reasons for this recent surge. Serge thinks the market is going through a small dip at the moment, but overall, he is optimistic that it will continue to go up in the long run.
Jeremy then asks Serge about his thoughts on where the market is headed and what he thinks is important in the coming days. Serge acknowledges the temporary dip in the market but remains confident in its positive trajectory for the future.
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