The Global Supply Chain Crunch
Degenerate Business School
English - October 01, 2021 23:00 - 33 minutes - 22.8 MB - ★★★★★ - 16 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In Equities:
A Tech and Growth sell-off drags the S&P lower. As the third quarter grinds to a close, we are roughly 4% off the all time high reached in early September. So for all the clamor and discord of impending doom and the end of days, still not technically in a correction.
What's happening? A host of anxieties building to moody sentiment and a rapid, incremental climb in treasury yields. To recap:
Where did this lead 10 year yields?
Current rate of 1.472 is above the 200 day moving average (1.40) and the 50 day moving average (1.32)But we are still below the ~panic button level of 1.70And what does this mean in terms of sector rotation within equities?
A bullish, cyclical trend in traditional energy (XLE, ERX)A further drubbing for Cathie's funds and growth-y future things (ARKK, XBI)In Crypto:
Not to leave Crypto behind, Bitcoin is showing a promising technical pattern of consolidation around both the 200-day and 50-day moving average that telegraphs more upside...IF historical patterns hold. To boot, there is generally a flash of seasonal growth in the 4th quarter.
Charts:
S&P 500
https://www.tradingview.com/x/41RdtZZf/
US 10 Year Yield
https://www.tradingview.com/x/9ZRyXV8w/
XLE
https://www.tradingview.com/x/9FwDClmL/
ARKK
https://www.tradingview.com/x/7Trt0G1c/
BTCUSD
https://www.tradingview.com/x/JO74iVEj/