Markets have moved on only a rumor of positive news.
Volatility works both ways. So far this year, the volatility has been positive. The S&P 500 is up 6.5% this month. Market interest rates have risen. The yield on the two-year treasury was up 9 basis points last week and 12 bp since the beginning of the year. The ten-year yield increased 8 basis points for the week and is up 13 basis points for the month.
PROBANK AUSTIN ADVISOR - JANUARY 21, 2019