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S&P 500 Index (SPX.I) & CBOE Interest Rate 10-Year

This week’s Equity Leaders Weekly highlights the S&P 500’s historic breach of 5,000 amidst market volatility and speculative trades, particularly in tech sectors and cryptocurrencies. Despite these highs, concerns loom with unexpected earnings reactions and investor responses to inflation, profiling caution. Upcoming earnings from Nvidia and Booking Holdings, alongside this month’s options expiry, may further influence market dynamics. Notably, the recent rebound in 10-year Treasury yields offers a key point of focus, signaling potential shifts in investor sentiment and market direction.

Kinross Gold Corp (K.TO)

In our latest Daily Stock Report, we observe Kinross Gold (K.TO)’s transition from a top performer in the SIA S&P/TSX 60 Index to a notable decline amid a wakening gold sector. Previously consistently in the SIA Favored Zone, Kinross has recently dropped 24 spots to 28th, entering the SIA Neutral Zone amid a weakening gold sector.

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