USA Indices in Retreat, Biden to join UAW on Picket Line! 10 Yr Treasury Yield Near 15-Year High ⬆️

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Market is still mulling on what the Federal Reserve said last week. It has forecast that it will only cut interest rates 2 times in 2024 rather than 4 times which has contributed to the sell-off. 10 Year Treasury is up to 4.52% but has pulled back a bit. Yields Go Up, Bonds Go Down. Ongoing industrial disputes affecting Ford, General Motors and Stellantis. 10-year Treasury yield hovers near 15-year high

🔸US indices give back yesterday’s gains 📈
🔸Biden to join UAW on picket line⬆️
🔸Bond yields retreat a tad 👀

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