1. Wall Street pulled back from record highs. The S&P 500 and Dow snapped four-day winning streaks, while the Nasdaq fell for the first time in six sessions. Rising Treasury yields brought inflation and borrowing-cost concerns back to focus. 2. Canada had a rough day 🇨🇦 The TSX dropped 1.7%, its biggest decline in four months and lowest close in about 2½ months. Financials and mining stocks were among the biggest drags as bond yields climbed. 3. Oil crossed $100 before easing 🛢️ Brent settled at $100.20, after the International Energy Agency agreed to accelerate releases from emergency reserves. What I’m watching tomorrow 👀 Thursday’s $22 billion U.S. 30-year Treasury auction is worth watching. With long-term yields near multi-decade highs, investor demand could influence borrowing costs and stock valuations.
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Mac Invests
@macinvests · 1h
Canada has been hurt for a long long time. Our dollar is worthless
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