Stock Market Analysis Latest – Will this spike in yields halt the rally in equities – July 07, 2023

Welcome back everyone to Stock Market Weekly Episode #689 for Friday, July 07, 2023 where we will be breaking down the most important trends, price action, and noteworthy moves across financial markets.

As always, we will share extensive analytics on the S&P500 (SPX), Nasdaq 100 (NDX), Russell 2000 (RUT), and current volatility environments.

In this week’s episode:

• Did bears fumble a breakdown attempt
• Yields push to new multi-month highs
• Oil trying to resolve consolidation higher
• VIX spikes and then rolls over

Markets covered: USO UUP TLT XLRE DIA

Stocks covered: RIVN

We hope that you enjoyed this week’s episode!

Thanks to our sponsor Investor’s Business Daily for allowing us to showcase some of their data tables in this video. To get access to IBD’s complete Industry Ranks list, sign up here.