Market Minute by Future Standard

Duration selloff continues—October 28, 2024


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U.S. equities recovered early week losses, led by consumer discretionary stocks, with Tesla's 22% surge making headlines. International stocks underperformed as the U.S. dollar strengthened, and Chinese equities remained flat. Fixed income yields rose, spurred by election uncertainties and strong economic data, with the 10-year yield reaching up to 4.25%. Crude oil prices modestly increased, while gasoline and gold prices showed resilience. The housing market continued its slump, and jobless claims fell. Attention is now on the upcoming monthly jobs report, with expectations of 120,000 jobs added and a 4.1% unemployment rate.



A weekly recap of equities, fixed income, commodities, and macroeconomic analysis from the FS Investments research team.

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Market Minute by Future StandardBy FS Investments

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