Market Report Oct 20 2023

On Thursday, equities experienced a day of decline, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 falling to levels last seen approximately one and a half weeks ago.

The growing headwinds in the face of the equity markets were compounded by Powell’s comments yesterday, but as we know, a bull always market climbs a wall of worry.

The 10-year Treasury yield approached a significant 5% mark, peaking at 4.996%.

Javid Shaik

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