
Dow Jones Breaks Support as Oil and Yields Hit Stocks
Dow Jones weakness links rising crude oil and Treasury yields with pressure on stocks, while a rebound leaves the broken uptrend unconfirmed.
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Dow Jones weakness links rising crude oil and Treasury yields with pressure on stocks, while a rebound leaves the broken uptrend unconfirmed.

Bitcoin, DJIA Outlook: Bitcoin and the Dow Jones Industrial Average are facing renewed risk-off pressure as crude oil prices and U.S. Treasury yields continue to move higher.

Despite the Fed’s rate cut and end to QT, the big headline item was Powell’s lacking commitment for another rate cut this year, helping to drive higher Treasury yields and USD strength.
In the eyes of bond markets, the front-loading of interest rate hikes will potentially lead to a recession.
Rising US yields are causing homebuyers to take pause and rethink their house purchase.
Treasury yields are closely watched as an indicator of economic health, interest rates and inflation. Read our one-page guide to treasury yields, including what they are, what the yield curve is and what it means when the yield curve inverts.
US 10-year yields have a strong negative correlation with AUD/CAD.
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