Riding the Wave: How Tech and Innovation Continue to Shape Our Financial Future

February 10, 2024

Market Sector Overview: This week, the technology sector continued to lead the market, showcasing strong performances from Bitcoin, Semiconductors, select Chinese stocks, Clean Energy, and Biotechnology. Healthcare, Industrials, Communication Services, and Financials are also showing robust health. However, Materials, Real Estate, and Utilities are currently less favorable sectors.

Financial Indicators & Trends: The 10-year treasury yield saw a 3.8% increase this week, presenting a bullish pattern that suggests potential further rises. This development is unexpected, yet it aligns with the current strong economic indicators. Similarly, oil prices are showing bullish patterns, suggesting an upward trend. This uptrend has not started yet. Below is the 10-year treasury yield chart:

Upcoming Economic Data: I am anticipating the CPI report next week, expecting a 2.9% year-over-year increase, below 3% for the first time. Should the actual figures come in lower than expected, it could keep pus…