S&P 500: Further Yield Curve Steepening Could Push Index Toward Key Support

Market Overview Analysis by Michael Kramer covering: S&P 500, NVIDIA Corporation, United States 3-Month, United States 10-Year. Read Michael Kramer's latest article on Investing.com

If the job report wasn’t today, then the chart below shows a broadening wedge, which resembles a bear flag, and that would suggest that the next break in the S&P 500 would be lower and towards 4,150.

So, one would think that unless there is some major surprise to the downside tomorrow in the jobs data, the process of the yield curve steepening should continue.) looks pretty bad. It has fallen below resistance, turned support at $93.25, and now sits just above resistance around $90.50. Bond futures traders wagers hit record high; Bets are calling for a hike at November 1st meeting US jobless claims edge higher but still remain historically low...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Investingcom /  🏆 450. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 to Dip Out of Bull Market as 30-Year Rate Nears 5%: What's Next?Market Overview Analysis by Michael Kramer covering: Nasdaq 100, S&P 500, United States 2-Year, United States 10-Year. Read Michael Kramer's latest article on Investing.com
Read more »

Why Smart Money Was Buying Yesterday's BounceStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Read more »

Advance/Decline Line Warns Investors with Triple Top Breakdown!Stocks Analysis by Chris Kimble covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Chris Kimble's latest article on Investing.com
Read more »

S&P 500 Earnings Season to Begin With Big Banks and Financials at Center StageStocks Analysis by Brian Gilmartin covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Brian Gilmartin's latest article on Investing.com
Read more »

S&P 500 Bounces Back From Oversold Position as Yields, Oil Drop: Is 4,300 Next?Market Overview Analysis by Michael Kramer covering: Crude Oil WTI Futures, United States 2-Year, United States 10-Year, SPDR® S&P Biotech ETF. Read Michael Kramer's latest article on Investing.com
Read more »

Ford, GM lay off about 500 more employees, citing expanded UAW strikeRoughly 3,000 workers have been impacted by layoffs since the UAW strike began.
Read more »