You appear to be blocking the helpful ads on our website. If you wish this website to continue, please allow ads for this website. That can be done for this website, while still blocking ads for other websites. Thank you for your support.
The popular stock market averages closed well to the upside on Friday. The yield for 10-yr treasury notes moved upward.
Congressional passage of the debt limit and budget drew some investors off of the sidelines. A mixed May employment report provided some hope of averting a recession along with a potential pause in the FOMC's hikes in interest rate targets.
Automaker shares cheered the compromise congressional agreement. Tesla (TSLA +3.1%) this week pushed above its 200-day SMA (simple moving average), a welcome technical sign. I own Tesla shares.
Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells