Bond Selloff Pushes Yields to 2008 Highs; Hormuz Attacks Escalate

The rise in bond yields to 2008 highs could pressure risky assets and trigger selling in stocks such as BLK. Escalating Hormuz attacks are increasing geopolitical risks, negatively impacting market sentiment. Technical indicators show RSI at 39 in the weak zone, MACD is negative, and the price is below both the SMA20 and SMA50, supporting a short-term bearish trend. The 2% decline in the last 24 hours indicates negative momentum. However, as the stock is not yet in oversold territory, bargain buying may remain limited.

The rise in bond yields may exert pressure on risky assets and negatively impact growth stocks such as NVDA. Escalating Houthi attacks increase geopolitical uncertainty, potentially reducing market risk appetite. Technically, the price is below the SMA20 and below the MACD signal line, indicating short-term weakness. Although the RSI is in neutral territory, downside movement appears more likely given the prevailing macro and geopolitical factors. However, the strong rally over the last 24 hours could limit the decline.

The escalation of attacks on the Strait of Hormuz could increase the geopolitical risk premium on oil supply, supporting Brent prices. Technical indicators point to strong bullish momentum, with the RSI in overbought territory at 74, the MACD positive, and prices trading above the SMA20 and SMA50. However, a sharp rise in bond yields could heighten global growth concerns, potentially weakening demand and limiting upside movement. While the upward trend may persist in the short term, caution is advised due to overbought signals and macro risks.

The escalation of attacks in the Strait of Hormuz increases geopolitical risks to oil supply, potentially supporting WTI prices. While the RSI at 71 indicates overbought conditions, suggesting a possible short-term pullback, the positive MACD and price action above the SMA20 confirm a strong uptrend. Rising bond yields may heighten global growth concerns, pressuring oil demand, but supply disruption news could offset this effect. Overall, an upward movement is expected in the short term, though caution is advised due to overbought conditions.