Oil prices moved first, and the bond market followed by taking a hit.
In the U.S. East on Tuesday’s close, WTI jumped to 105.83 in one go, while Brent touched 108.75.
The yield on the 10-year U.S. Treasury note hovered around 5.041%, with Zhitong noting it was the highest since 2007.
The three major indexes fell for the second straight day:
Dow Jones 52093.11 (−0.63%), S&P 7585.73 (−0.45%), Nasdaq 25981.57 (−0.78%).
The energy sector was the only one in the green; the S&P energy sector was about +2.26%.
Meanwhile, the mega-caps were mostly down: AMZN −2.02%, MSFT −1.64%, GOOG −1.26%; META and NVDA edged up slightly.
I think tonight (U.S. East Wednesday 14:00 / Beijing Thursday about 02:00) the Fed is the real emotional switch—Caixin Media wrote that FedWatch is pricing in a 25bp hike with odds of about 94.5%, targeting the 3.75–4.00% range if it lands. With oil and bonds pressuring the market together, don’t jump to conclusions before the decision.
In the U.S. East on Tuesday’s close, WTI jumped to 105.83 in one go, while Brent touched 108.75.
The yield on the 10-year U.S. Treasury note hovered around 5.041%, with Zhitong noting it was the highest since 2007.
The three major indexes fell for the second straight day:
Dow Jones 52093.11 (−0.63%), S&P 7585.73 (−0.45%), Nasdaq 25981.57 (−0.78%).
The energy sector was the only one in the green; the S&P energy sector was about +2.26%.
Meanwhile, the mega-caps were mostly down: AMZN −2.02%, MSFT −1.64%, GOOG −1.26%; META and NVDA edged up slightly.
I think tonight (U.S. East Wednesday 14:00 / Beijing Thursday about 02:00) the Fed is the real emotional switch—Caixin Media wrote that FedWatch is pricing in a 25bp hike with odds of about 94.5%, targeting the 3.75–4.00% range if it lands. With oil and bonds pressuring the market together, don’t jump to conclusions before the decision.
