Bassanese Bites: Tug of War – Week beginning: 30 April 2018

US stocks ended flat over the past week reflecting a tug-of-war between ongoing good earnings reports and a rise in bond yields and inflation concerns. On the positive side, the US earnings reporting season continues to shoot the lights out, with key tech stocks in particular like Facebook, Amazon and Google proving their worth. On the negative side, US 10-year bond yields finally cracked the 3% ceiling – and touched 3.03% at one point – though ended the week at 2.96%.

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