The Setup US markets opened the new month on the back foot. The S&P 500 slipped 0.66% to 7,679.97 and the Nasdaq fell 0.88% to 26,308.50, while the 10-year Treasury yield climbed 4 basis points to 4.76%, a 0.76% move that put renewed pressure on rate-sensitive corners of the market. The VIX jumped 4.57% to … Read more
What Happened US Treasury yields eased again on August 14, with the 10-year note falling 4 basis points to 4.64%. Risk assets took the move in stride: the S&P 500 added 0.81% to close at 7,790.49 and the Nasdaq climbed 1.27% to 26,782.38, while the VIX ticked up marginally to 14.7 — still a level … Read more
THE MACRO PICTURE Korea’s KOSPI surged 8.86% overnight—its best single-day performance in over two years—yet the broader Asia narrative is fracturing in ways U.S. investors should notice. While Seoul exploded higher, the dollar barely budged (USD/KRW up 0.41% to 1,510.53) and the yen held flat at 158.89, suggesting this wasn’t a regional risk-on wave but … Read more