Thursday, October 24, 2024

Please, Please Do Not Tell Mr. Musk The Yield On the CBOE 10-Year Index Is At 4.2000 (TNX)

That's down -0.0420 and we risk being sucked  into a vortex of Elonumerology on a day Tesla is up 21% (half of 42) and we are already spinning into madness.

"Funding secured."

From Bloomberg via Yahoo Finance, October 24 (42 transposed):

S&P 500 Sees First Gain This Week as Tesla Up 21%: Markets Wrap

Stocks rose for the first time this week, with traders parsing a slew of corporate earnings for clues on the health of the world’s largest economy. Treasuries rebounded after days of losses.

A gauge of the “Magnificent Seven” hit a three-month high, with Tesla Inc. up 21% and set for its biggest rally since May 2013. Elon Musk’s electric-vehicle giant reported strong earnings and forecast as much as 30% growth in car sales next year. United Parcel Service Inc. — an economic barometer — jumped 5% after returning to sales and profit growth. International Business Machines Corp. and Honeywell International Inc.’s results failed to inspire....

....MUCH MORE