SPY news and market signals

The U.S. Treasury has auctioned $25 billion in 30-year bonds at a 5% yield, a threshold not seen since 2007. This move follows the sharpest rise in producer prices since the Ukraine invasion, signaling persistent inflationary pressure.

Wells Fargo has reaffirmed its projection for two Federal Reserve interest rate cuts in 2026, even as recent economic data indicates persistent inflationary pressure. This stance creates a notable divergence between institutional forecasts and the immediate market reaction to hot inflation reports.