Market Snapshot February 12, 2020
Good Morning on this awesome Wednesday,
Stocks pushing higher yet again as reports that hundreds of thousands of workers are returning to work in China. The Asian equity markets seem to have calmed and are rebounding, which is of course creating a risk-on mentality to the rest of the markets. The Dow is up another 222. Bonds should be and are under pressure this morning as a result. The 10-yr has popped back to 1.63%. There is no scheduled news of any consequence today.
I see this as more of a pause in the current trajectory of rates, not the end of it. The biggest unknown for now is how much worse the news on Coronavirus will get and if/when there will be a vaccine.
Make today great!