Entering text into the input field will update the search result below

Yields Are Jumping

Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.


Stocks – AMD

Macro – HGX, SPY

Mike’s Reading The Markets (RTM) Premium Content – NOW WITH A 2 WEEK FREE TRIAL

Stocks finished the day mixed, with the S&P 500 up around 25 bps, while the Qs finished the day around 16 bps. Meanwhile, 10-year rates increased and are very close to breaking out on the ten-year, and could send rates sharply higher. This really needs to be the focus because the housing index has already started to respond to this, and this could be a serious issue for many of the long-duration, big growth stock that investors juiced up.

The 10-Year rate close just above the down trend line that started in 2018. We will need to see this move higher tomorrow to confirm, but if it has officially broken out, then it is likely to result in the 10-year moving sharply higher towards 1.05% and potentially back to roughly 1.3%

The HGX fell by 2.2% today and continues to diverge from the S&P 500. This is a very rate sensitive part of the market. This is sending what I think to be an obvious signal.


AMD rose today and once again failed to break out at $94. Not a good sign for the stock. There are clearly plenty of sellers up at this level, and why not, plenty of shares to be issued.

That's all for today.


Mott Capital Management, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. Past performance is not indicative of future results.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.