Global equities are finishing the week on a positive note and capping off what has been a very strong week. Chinese equities regained their footing after two days of 1% declines, and Europe is up across the board. Will this be the day that the S&P 500 can finally really break out of its range in the low 2,800s?
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With equities rallying around the globe, you would think that interest rates would be rising as risk looks to be coming off the sidelines. Not this week. US 10-year yields are on pace to finish the week right where they started, and the yield curve is below 20 basis points for the fourth straight day, which is a streak that hasn’t been seen at all in this cycle.
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