10-year T-note climbs, bitcoin edges 70,000: Trading takeaways
US stocks (^DJI,^GSPC, ^IXIC) closed higher to start the week. The 10-year Treasury note yield (^TNX) hit 4.3% during the trading day, and settled at 4.28% at the market close, which could signal some trouble ahead for equities. As the market begins to rotate out of Big Tech, cyclicals could take the lead. Meanwhile, bitcoin (BTC-USD) edges near 70,000. Jared Blikre breaks down his top takeaways from the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Melanie Riehl