A look at the day ahead in U.S. and global markets from Mike Dolan
A volte face in Treasury yields has improved investors' mood considerably this week as excitement about U.S. disinflation builds despite conflicting signals from around the world.
Spurred by more signs of ebbing U.S. inflation ahead of Wednesday's critical June consumer price report, Wall Street stocks also recovered ground on Monday.jumping 1.6% to clock its best day in more than a month - ahead of both the NFIB June small business survey later on Tuesday and the onset of the second-quarter earnings season.
On top of that, markets also focused on a reported 4.2% drop in used-vehicle prices last month - the biggest drop since the pandemic hit and a price category that had been a big aggravator of the recent inflation spike.seemed less accommodating - with most advocating at least one more rate hike in the current cycle. But there was also a sense that policy tightening was in the last lap.
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