E-mini S&P 500 futures approach record highs as yields climb.
Todd Colvin analyzes the latest action in the equities market as E-mini S&P 500 futures approach their recent all-time highs. Despite Treasury yields sitting at 24-year highs and continued expectations for more rate hikes, stocks keep trekking higher to start the week. Colvin notes that market volatility nudged slightly higher today but remains near year-to-date lows, defying its typical inverse relationship with the underlying indices. Looking ahead, traders await upcoming employment and trade data, with bank earnings set to kick off in the second week of October.
Todd Colvin analyzes the latest action in the equities market as E-mini S&P 500 futures approach their recent all-time highs. Despite Treasury yields sitting at 24-year highs and continued expectations for more rate hikes, stocks keep trekking higher to start the week. Colvin notes that market volatility nudged slightly higher today but remains near year-to-date lows, defying its typical inverse relationship with the underlying indices. Looking ahead, traders await upcoming employment and trade data, with bank earnings set to kick off in the second week of October.