S&P 500 Trading Summary
Markets started December on weak footing, with risk assets and bonds under pressure. A global rates selloff, triggered by hawkish comments from BoJ Governor Ueda that pushed 10yr JGB yields to post-GFC highs, spilled into the US and Europe. Treasury yields jumped sharply, with the 10yr +7.2bps, its biggest rise in nearly a month.
At the same time, US data disappointed: the ISM manufacturing print took on a stagflationary tone, and higher oil prices amplified inflation concerns. This combination of higher yields + weaker data weighed on equities, leaving the S&P 500 down –0.53%.
Crypto-related volatility added to the risk-off sentiment, with Bitcoin down over 5% and major crypto-linked ETFs suffering steep year-to-date losses, though investor demand for such products remains surprisingly resilient.
On the consumer side, Cyber Monday spending grew more slowly in the US compared to Europe, partly reflecting tariff-driven pressures on US shoppers. While global online spending rose about 5%, the US lagged at 2.6%.
Overall: The session reflected renewed rate fears, stagflation worries, and softening US consumer data, all contributing to a softer tone for the S&P 500.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Markets started December on weak footing, with risk assets and bonds under pressure. A global rates selloff, triggered by hawkish comments from BoJ Governor Ueda that pushed 10yr JGB yields to post-GFC highs, spilled into the US and Europe. Treasury yields jumped sharply, with the 10yr +7.2bps, its biggest rise in nearly a month.
At the same time, US data disappointed: the ISM manufacturing print took on a stagflationary tone, and higher oil prices amplified inflation concerns. This combination of higher yields + weaker data weighed on equities, leaving the S&P 500 down –0.53%.
Crypto-related volatility added to the risk-off sentiment, with Bitcoin down over 5% and major crypto-linked ETFs suffering steep year-to-date losses, though investor demand for such products remains surprisingly resilient.
On the consumer side, Cyber Monday spending grew more slowly in the US compared to Europe, partly reflecting tariff-driven pressures on US shoppers. While global online spending rose about 5%, the US lagged at 2.6%.
Overall: The session reflected renewed rate fears, stagflation worries, and softening US consumer data, all contributing to a softer tone for the S&P 500.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน