Posted 10/27/2023, 9:56:00 PM
Markets on Edge Ahead of Pivotal Week for Rates, Jobs, and Apple Earnings
- Financial markets brace for potentially pivotal week with Fed meeting, jobs data, Apple earnings
- October volatility reflects surge in yields and geopolitical uncertainty; S&P 500 down over 10% from July peak
- Fed's hawkish stance pushed 10-year yield to 2007 highs; further rises could pressure stocks
- Strong jobs data or hawkish Fed could lift yields further; futures see high chance of steady rates near-term
- Rebound possible if data stable, following seasonal trends and technical oversold conditions
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