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Weekly recap: US stocks enter correction while T-bill yield bounce
By Beansprout  •  October 28, 2023
There’s good news and bad news in the financial markets this week, depending on what you are invested in.  Investors of T-bills have reason to celebrate, as the cut-off yield on the latest 6-month T-bill jumped to 3.95% with lower demand. On the other hand, stocks and REITs continued their slide as the earnings season go into full swing. And the results have not been pretty so far.  The upcoming earnings reports this week will continue to be closely watched, with all eyes on Apple’s results on 2 November.  The Fed will also be meeting this week, and investors are hopeful that the central bank will not be raising interest rates further for now.  If you are looking to hedge your portfolio using options amidst the market volatility, check out our guide to investing in options.  Source: Bloomberg. Price as of market close on 27 Oct  

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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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