EquitiesUS Markets continued falling since Fed Chairman Powell spoke August 26 at the Fed's Jackson Hole Economic Symposium.All US markets continue their Bearish trends and have given back gains since their August 16 high, which turned out to be a Bear market rally.For the week, all US Sectors fell, including Energy -2.5%. Tech fell the most -3.4%, Utilities the least, -0.05%.
Fixed IncomeThe 10-year US Treasury Yield closed at 3.340% up from last week's 3.110%. The short-term trend is up and nearing June 14th high of 3.483%.The 2-year US Treasury closed at 3.40% vs. 3.42% last week. The 2-year yieldappears to be forming a Top. Its upward momentum is waning.The 10-2 year Yield curve remains inverted, however its negative spreadnarrowed to -0.20 vs. last week's -0.30.
CurrenciesCurrencies vs. US Dollar: The Euro, in a Bearish trend, closed at 0.993, and appears attempting to make a bottom.The bullish US Dollar closed at 109.51 vs. last week 108.79 and its verystrong uptrend appears recently to be forming a top.