The S&P500 just hit a new 52 week high despite

1- Magnificent 7 down $200 billion in market cap today.

2- Treasury yields hitting their highest in 10 days.

3- Fed rate cut expectations pushed back to may 2024.

4- Oil prices rising back above $70 per barrel.

5- Bitcoin falling 5% in a matter of minutes.

WHAT'S GOING ON??????????

(Nikkam)
#fundamental_analysis #financial_markets
#world_markets #US_stock_index #Canada