Markets found relief in a broad-based rally today-- ~95% of the S&P trading in the green- and what we would notably tag as a bear market bounce. (pssst- the 10yr yield has quietly crept back and again closed above 4% despite equities rallying higher and an ongoing reminder that inflationary concerns remain amongst us.) After suffering losses 4 out of the 5 trading days last week or a grand total of 7 out of the previous 8 sessions to ultimately reach a 50% retracement of the Covid rally on the S&P, we find ourselves (alongside UK PM Truss…) taking a necessary pause-and-reflect to start the week off.
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.