by Tyler Durden
Monday, Mar 15, 2021 - 07:59 AM
Global shares rose and US equity futures were flat as U.S. bond yields hovered near a 13-month to start the week as bets economic growth will accelerate kept high duration stocks depressed as investors braced for Federal Reserve and other key central bank meetings in the days ahead.
The Dow notched five consecutive record highs last week as approval of one of the largest fiscal stimulus in U.S. history and vaccine rollouts fueled demand for economy-linked stocks such as banks, energy, materials at the cost of tech names with lofty valuations.
2:00PM Water Cooler 3/15/2021 | naked capitalism
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Wall Street mixed at the opening bell
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