Energy, Yield Rally Correlation Faces Unwinding Risk as SPX Market Breadth Wanes
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S&P 500 (SPX) bulls face a critical level to hold, argues @CharlesSchwab's Rachel Dashiell. She takes investors through the index's 4-month price action to highlight how weaker market breadth is putting a recent breakout at risk. Rachel then looks into a slice of the S&P through the energy sector, pointing out an "extreme correlation" with the rally in 10-year Treasury yield that she believes has risk of unwinding. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore Watch on DistroTV - https://www.distro.tv/live/schwab-network/ Follow us on X – ht
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