The situation on the financial markets is becoming increasingly interesting. The quarterly rebalancing ended and the sellers took over, triggering the market decline. There is a shortage of buyers, especially among growth stocks. But there are bright spots: the XLU and XLE sectors have gained support, and XLP is holding steady. A significant point is the rise in the yield of 10-year US government bonds, approaching 5%.

Stock and bond futures are falling again due to political instability associated with the adoption of the new state budget. The stock market is on the verge of giving up its bullish state, although it has not yet turned into a bear market. This political blow could push the US economy into recession. The situation requires attention and strategic investment planning. #news #economy