
Yields Reverse a Good Bit of Yesterday’s Move with Oil Higher
SPX drops below week’s long range, closes on lows of the day. US10YY back to 4.70%.
RiskReversal Recap
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SPX drops below week’s long range, closes on lows of the day. US10YY back to 4.70%.

30YY falls 10 bps, 10YY falls 6 bps, 2YY unched. Tech stocks lower to spoil rally. MRNA +150% on cancer trial.

Dan Nathan hosts FirstMark Capital partner David Waltcher at the firm’s HQ to discuss Waltcher ’s path from an Accel internship to investing in enterprise software, security, and AI.

Japan 30YY hits 30 year high. US stocks led lower by reversal in semi names.

30YY highest level since 2007. Tech mixed with SMH +1%, IGV -2%.

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Rate hike odds have fallen the past two weeks.

Bad Retail Sales and Consumer Sentiment combine with higher oil to end week just below highs.

Checkout the WAWD Substack: https://whatarewedoingonthedesk.substack.com/

Odds of a Sept rate hike fall under 35%. AMAT slightly lower after hours.

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PPI tomorrow. CSCO slightly lower on earnings after hours.