Highlights from Rob Luna’s appearance on Making Money with Charles Payne. Rob discusses the market reaction to Powell’s inflation comments and using the barbell strategy when buying dips.
The U.S. equity markets continue the bumpy ride this week as rising yields continue to weigh on stocks. On Thursday, the S&P 500 was down 1.34%, while the tech heavy NASDAQ Composite decreased 2.11%.
The 10-Year U.S. Treasury Yield has been on the rise since the summer and over the last 30 days, it has spiked up very quickly. That has spooked the stock market and has led to big down days, like yesterday.