The Schwab Network’s Morning Trade Live | October 23rd, 2023
Asbury 6: Will A Reversal In Bonds Trigger A Reversal In Stocks?
Markets bounced off of the lows today. How is the 10-year yield performing since 2004? Also, how does 2023 compare to 2022? John Kosar of Asbury Research weighs in on the S&P 500 Index or SPX, as well as mega cap stocks like Apple (AAPL) and Microsoft (MSFT) that are currently sitting on major support levels. The “Asbury 6” turned Negative on October 18th and the S&P 500 subsequently declined by 5%. Kosar also discusses standard deviation and market breadth.
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