Daily Wrap – The Calm Before the FOMC and Mega Cap Earnings
Higher oil prices pushed Treasury yields higher again today. April Equity Tailwinds Shift to Headwinds What started as a strong April rally has shifted. Mechanical buying flows and short squeezes that powered the recent move have tapered off as 3C has clearly shown, and familiar concerns are resurfacing. A WSJ story on OpenAI landed at…
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