Money flow is flowing back into tech, consumer discretionary, and communication services, notes Nathan Peterson. He and Kathy Jones discuss technical levels to watch in the markets. Peterson mentions that yields on the 10-year are continuing to downtrend and hit a 3-month low, and 4,600 on the SPX remains an important resistance level. Jones highlights that inflation is falling with PCE and core PCE is now closing in on the Fed’s 2% target. She also outlines how the lagged effect of rate hikes to date hasn’t been fully discounted even after the recent rally. Tune in to find out more about the stock market today.
Market On Close
05 Dec 2023
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