Rates Continue to Surge, Chase Censors Crypto Payments
Sep 26, 2023
Market Update Recent bearish trends continue to persist this afternoon. The SPX has sunk to its lowest level in months in part due to underwhelming home sales and consumer confidence data. Despite this data, rates continue to rise, with the U.S. 30-year yield eyeing the 4.7% mark after an early morning bout of short covering. All market sectors are currently in negative territory, and in the commodities market, oil prices are rebounding to levels just above $90. Meanwhile, gold is pulling back, approaching the $1,900 level. The DXY is maintaining its strength, solidly crossing the 106 thresho