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Investing.com – Pessimism about the U.S. Treasury market is changing, according to research firm Ned Davis Research, which could mean a rally is on the way, Business Insider writes.
Currently, as conflict in the Middle East continues, bond yields are falling, stock prices are rising, and according to researchers, equity investors may well be reacting to signs of falling yields with a possible soft landing of the US economy.
New growth is shining on the stock market as investor pessimism about bonds fades.
NDR strategists said the fall in bond yields is a positive sign for stocks, as rising bond prices in response to conflict in the Middle East could be a sign that sentiment is beginning to change, with yields falling and stock prices rising.
In addition, stock market sentiment will continue to improve from recent lows in response to growing evidence of a soft landing in the economy and the prospect of a strong earnings season in the third quarter.
— Materials from Business Insider were used in preparation
2023-10-12 12:44:00
#Market #Brink #Rally #Investing.com
