Euclid Investment Advisory Blog

Review & Analysis at Close August 15, 2022

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Equities  US Markets have advanced to an early Bullish phase. Their prices have risen well above their down-trending long-term moving averages.

Given their sizeable gains, US markets may see a pullback as prices consolidate before the next potential up move.

Fixed Income The 10-year US Treasury Yield has closed at 2.791% slightly up from last week's 2.765%. The rate is down from the June 13 peak of 3.483%.

The 2-year US Treasury closed at 3.20% unchanged from last week. The 2-year yield appears to be forming a Top.

The 10-2 year Yield Curve remains inverted, with a negative spread of -0.41; during the past week, it fell to -0.48.

Currencies
Currencies vs. US Dollar: The Bearish Euro is attempting to make a bottom at 1.02; the bullish US Dollar settled at 106.43, unchanged from last week.

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