Stock market registers and bond yields – Alpha research

Stock market registers and bond yields – Alpha research

Michael Mackenzie examines how bond yields have affected the stock market over the past six months and how they have helped reflect the continued growth in stock prices.

Six months ago, at the close, the S&P 500 stock index was at 3337 and the Nasdaq at 9575. Both indices hit a short-term low on March 23, with the S&P 500 closing at 2237 and the Nasdaq at 6,860.

Of course, at the close on…

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