New Quarter Begins with Conflicting Signals as Nasdaq Hits Record Highs and Bond Yields Keep Rising
Fundamental Overview Markets begin October and Q4 with a continuation of the mixed conditions that characterised the end of September. Yesterday’s quarter-end positioning contributed to indecisive price action, but several underlying themes remain firmly in place. US private-sector employment came in slightly above expectations, while Core PCE was lower than anticipated and final GDP was…