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Another reversal as stocks, bonds, commodities give up gains

Aug. 26, 2016 12:23 PM ETSPY, GLD, TLT, USO, UUPBy: Stephen Alpher, SA News Editor23 Comments
  • The three asset classes were all sporting nice gains in wake of Janet Yellen's Jackson Hole speech at which the Fed boss suggested we're getting close to rate hike territory.
  • Sellers have emerged in the last hour though, taking the S&P 500 (SPY -0.3%), long-dated Treasurys (NYSEARCA:TLT), and gold (NYSEARCA:GLD) and oil (NYSEARCA:USO) back to either flat or in the red.
  • Moving in the opposite direction is the dollar (UUP +0.5%).

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