The S&P 500 or the SPX has been closing lower for a few weeks in a row. However, SPY, the ETF, price finished over 2% higher today. Has the stock marked found an equilibrium as the VIX level is not spiking? How does the 10 year treasury yield compare to the 30 year treasury yield? "Apple (AAPL) and Microsoft (MSFT) stock prices traded lower yesterday, while the Russell 2000 closed higher. Investors may be seeing the beginnings of a short-term counter-trend rally after the weeks of extreme sell-offs," says George Tsilis. Additionally, are there liquidity concerns as cryptocurrencies like bitcoin are trading lower? "The U.S. Dollar price is at elevated levels," adds Ben Lichtenstein. What do the CPI and PPI numbers tell investors about the economy and the stock market?
13 May 2022