Market On Open - Friday 20 October

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Everything Is Broken?

Here's a nice post on Twitter today.

The 10-year yield finally breached 5.0% to the upside yesterday. At the same time, the Nasdaq, Dow and S&P500 sold off but only to within normal retracement levels of the most recent up move. The Russell 2000 is now back at the May 2023 lows.

By early next week the effects of Vix and index option expiries will be behind us and a less short-term distorted picture should emerge.

Let's get back to today.

Paying members, scroll right down for our latest take on markets. As always we look at the 10-year yield, the S&P500, Nasdaq-100, Dow Jones and the Russell 2000; we consider long-term and short-term outlooks, and we lay out staff personal account trading plans in each of the indices. We add Bitcoin and Ether futures pricing for good measure.

Price Rises Coming Soon For New Joiners

Want to sign up as a paying member? Our 'Extended' 6-year membership pricing rises 1 November; Annual and Monthly memberships rise 1 December, so, now's a great time to beat the raise.

If you currently pay monthly, and want to move to annual, or if you're on a monthly or annual subscription and you want to move to Extended, same logic applies.

Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.