Overall, the tech sector technicals are still challenged, notes Nathan Peterson. He and Cooper Howard preview Jerome Powell's speech on Friday at Jackson Hole. Nathan highlights that with the 10-year move it's hard to sustain bullish momentum. Cooper mentions that investors should consider extending duration and that risk return profile looks attractive. The 10-year treasury yield is up 45% year-over-year. They go over the big picture ahead of Powell's speech. Tune in to find out more about the stock market today.
Market On Close
21 Aug 2023
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