Nasdaq record through a 5.31% ten-year: the two-market tape that decides it
Monday closed as a record on the surface and a two-market tape underneath. The Nasdaq Composite hit an all-time high at 27,477.31, up 1.05 percent, and the S&P 500 rose 0.66 percent to 7,773.99, its best level since the August record, while the 10-year Treasury settled at 5.315 percent, a fresh 52-week high, per the 22V end-of-day recap and Yahoo Finance . A broad index and the long bond setting records on the same afternoon is an unusually loud contradiction, and the way it resolves tells you where this market goes next.
Key Takeaways The Nasdaq Composite closed at a record 27,477.31, plus 1.05 percent, on the same afternoon the 10-year yield settled at a 52-week high of 5.315 percent. The S…
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