Everybody raised really interesting points, which am finding super helpful, so thanks
It always did seem a bit weird of an explanation that the drastic drop in the market would be because of the rising 10yr treasury yield. As if like, everything was cool at 2.6%, but 2.7% was suddenly some sort of tipping point
Especially since ya, in the past rates may have been higher, and didn't the market continue to rise?
Did see some articles mention that it was troublesome to see the shorter-term rates rising so quickly - and it looks like the RSI on the 1M timeline for the DJIA had hit 90 at the beginning of February for the first time in ages, so it seemed like maybe the pullback might have been more of the market maybe overheating or something like that?
It does seem though like if what maybe just have started off as a normal correction maybe got lots of people taking pause - guess a guaranteed 3% must for sure look good to retirees and possibly lots of other people as well, in light of some of the other stuff that may be weighing on the market, like the high valuations, and stuff like that?
So while the Dow hasn't yet dropped below the 200 day moving average, it seems to be having trouble moving above the 100 day moving average as well?
Guess if the Dow stays stuck between the two moving averages, it may be due for a rebound higher sometime soon?
It's interesting that the market didn't reward JP Morgan and IBM for having strong earnings in Q1, but they appear to be rewarding FB right now - and possibly MSFT and AMZN too on Thursday? Moving forward, wonder if the market will continue to reward strong earnings of some companies and not others?
It seems like there's so much to be hopeful and worried about with regards to the market - have been feeling both FUD and FOMO all at the same time at times!
Guess will have to wait and see if people are hopeful enough for the Dow to push past 25,000, or fearful enough for it to drop below 23,500?
Something have been seeing a couple of things about but not a ton, is how the strengthening Euro is weakening the US dollar - so apparently that's been causing the price of oil to rise, which has been causing inflation to rise? But maybe there may be enough supply to offset the rise? Although is Trump supposedly considering maybe pulling out of the Iran deal that Obama put together, possibly in May? So, maybe something to keep an eye on ... or maybe not? haha, who knows