Green start for the Wall Street as trading begins for October and Q4. Stocks were perhaps oversold last month so these kind of rallies are expected. It remains to be seen if this will be sustained or is it just inversely proportional to the treasury yields. I think some weakness shown by manufacturing data today might have played a role in this rally too. Any indication of "slowing economic growth" is perhaps viewed as a "good news" for the short-term as it adds some speculation about less QT (quantitative tightening). Last week we also saw inventory buildup/backlog news from Nike (and Micron) so let's revisit this beaten down stock to check it out for out portfolio.
top of page
bottom of page