The Market Chronicles

The Market Chronicles

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The Market Chronicles
Stocks Sink As Key Support Breaks
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Stocks Sink As Key Support Breaks

EOD

Michael J. Kramer's avatar
Michael J. Kramer
Aug 15, 2023
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The Market Chronicles
The Market Chronicles
Stocks Sink As Key Support Breaks
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Stocks traded lower today as the dollar strengthened against some key currencies, and real yields rose. The TIPS curve is within 15 bps of having the entire curve above 2%. The 10-year TIP currently represents the lowest real yield on the curve at 1.85%. It seems hard to imagine that this won't affect stock valuations if the trend continues.

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