Overnight tailwinds from China helped the S&P 500 lift off early, only to reverse as of writing. More importantly, the 10yr Bond yield breached 3.00%! Will equity buyers step in and push the indices to new monthly highs?
Crude Oil has also taken a step backwards, as the China re-opening news has already been priced in. $117.80 is a support level, explained in our Daily Morning Express Research
Gold and Silver are failing against resistance, but at the end of the day, it's worth keeping an eye on the yields!!
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