Euclid Investment Advisory Blog

Review & Analysis at Close June 21, 2022

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Equities

US Equities: All major US equity indices rose 2.3% to 2.5% today. VIX fell 3% to 30.19.

China rose 2.7% today, Europe +1.6%.

All sectors were up today, rebounding from Friday's drubbing. Energy +4%, Consumer Discretionary +2.62%, Tech +2.28%, Health Care +2.26%.

The markets rebounded today from deeply oversold levels.

If the market doesn't give up these gains in the next day or two, the rally may continue for the near term.

Fixed Income

The 2-10 year US Treasury Yield curve long-term trend is flattening, spread narrowed to 0.10.

The 10-year US Treasury yield fell to 3.307%, down from last week's peak of 3.483%. The Upward momentum seems to be lessening. The 2-year US Treasury yield fell to 3.21%, down from 3.45%.

Currencies
Currencies vs. US Dollar: The Australian Dollar, the Euro, the British Pound, and the Japanese Yen remain in long-term weakening trends vs. the US Dollar. The rising US Dollar backed off to 104.21 from 105.56.

Gold weakened, and is on the verge of entering downtrend.

 

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