Bouncing Back: Market Insights and Portfolio Updates

November 5, 2023 Update

Nov 05, 2023

∙ Paid

We finally got a bounce after several negative weeks. Looking at the Equal-weight SP500 ( RSP 0.00%↑ ) we are back within the consolidation box I have been following for some months. Let’s see if we can stay within this box or if we’ll be testing the recent lows.

What fueled the bounce last week? We finally got a strong decline in the 10-year treasury yield (see below). The FED meeting of last week reassured the markets that the current levels of interest rates might be the “top” and from here we might see rates start going down as soon as inflation moderates.

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