Bonds and rates

TNX

10-year Treasury yield

Fast rises in yields pressure long-duration growth stocks.

Daily updates

• Fri, Nov 6 · Cowboy (owner)Jobs day inside the buy box: three paths for Friday

Weekly outlooks

1. Week ofNov 2Election week: a bounce needs follow-throughWe still see room for another advance, but we want the next recovery to hold rather than give sellers another opening. A cash SPX reclaim of 7,600 that survives a pullback would support that read; failure there and a loss of 7,550 would keep us cautious and shift attention to 7,500.Bias: Constructive on the larger advance, cautious while the correction remains unfinished. Near-term improvement needs a sustained SPX reclaim of 7,600.Recovery pivot / pronounced negative gamma 7,6001 daily updateLive

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