Tom Brady won another Super Bowl last night. But he isn’t the only one winning. There’s another impressive streak we need to talk about.
As Tom Brady wins his 7th Super Bowl ring, the major averages are also winning as they just wrapped up their best week since November. The Dow Jones, S&P 500, Nasdaq, and Russell 2000 have all finished in the green every day to start this month – with the S&P, Nasdaq, and Russell 2000 posting back-to-back record high closes.
For the week ahead, let’s watch interest rates. The 10-year Treasury is quietly closing in on 1.20% and the 30-year Treasury is quietly closing in on 2.00%. These levels were last hit prior to the global pandemic. This move higher in interest rates - if it continues gradually – shouldn’t concern the market. But if we see interest rates spike higher from here that will cause some market volatility. So, let’s keep an eye on both the 10-Year and 30-Year Treasury yields over these coming weeks. e up 300 points the next, just to fall another 600 points the following day.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also, subscribe to our YouTube channel and check out some of our other social media pages.
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Tom Brady isn’t the only one winning 🏈🏆