US stocks are up strongly despite 1) IMF downgrading economic growth outlook, 2) lacklustre earnings season, and 3) FED officials leaning towards controlling inflation.
S&P 500 was up 1.61%, NASDAQ Comp up 2.15%, Small Caps up 1.90%, Tech up 1.88% and Financials up 1.37%.
Bonds continue to trade lower, with the 10Y yield rising to 2.93%, the 2Y to 2.61%. High Yield Bonds down -0.07% while EM bonds lower by 0.4%.
In My Opinion, markets are already quite oversold, who else is left to sell, buyers are already starting to creep in if recession risk is not rising.
