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Back Fundamental analysis
Market rallies despite rising yields
Weak US labor data, Treasury yields
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Weak US labor data, Treasury yields at multi-year highs, and a war in the Middle East — by all accounts, equities should have suffered losses. Instead, the S&P 500 rose by 0.7%, and the Nasdaq 100 hit fresh highs. Equity indices dynamics The bullish catalyst for the S&P 500 was a cooling labor market. Nonfarm payrolls increased by only 29k, well below forecasts, and unemployment rose to 4.2%. Investors read the soft print as pushing out the likely timing of a Fed
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Marek Petkovich,
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