Finally- the Stock Market Tanks

by Matthew Levy, CFA Surging bond yields continues to weigh on tech stocks. When the 10-year yield pops by 20 basis points to reach a 1-year high, that will happen. Tuesday (Feb. 23) saw the Dow down 360 points at one point, and the Nasdaq down 3% before a sharp reversal that carried to Wednesday (Feb. … Read more

‘Snow moon’ is coming this weekend, and it might be why you’re sleeping less In the nights leading up to a full moon, study subject

With the moon gaining ever-increasing power this week and beaming on those ice-lacquered layers and pompadours of the remnant snowpack, the nightscapes in parts of the region have evoked the lunar surface itself. But with the so-called Snow Moon approaching fullness, that “lustre of midday” — to quote the world’s most famous Christmas poem — … Read more

Syria got bombed quicker than you got your $2,000 checks

Biden is in office for only little over a month and is already bombing someone. U.S. carries out airstrikes in Syria on Iranian-backed targetshttps://t.co/sX6W2ovgL8 — WTF (@540856) February 26, 2021 Syria got bombed quicker than you got your $2,000 checks — George Papadopoulos (@GeorgePapa19) February 26, 2021 Americans: $2000 checks pleaseGovernment: Sorry did you say … Read more

The yield on the benchmark 10y note reached highest in more than a year. 1.52% is now just above the S&P 500 Index dividend yield.

OOPS! US 10y yield gains edge over S&P 500 dividend yield, BBG reports. The yield on the benchmark 10y note reached highest in more than a year. 1.52% is now just above the S&P 500 Index dividend yield. pic.twitter.com/eYPjjlpQg9 — Holger Zschaepitz (@Schuldensuehner) February 25, 2021 Today’s market action highlights a threat that I’ve been … Read more