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Michael Ashbaugh

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Jan. 12, 2021, 12:30 p.m. EST

Charting a decisive 2021 breakout: U.S. benchmarks clear 20-day volatility bands

Focus: Rising interest rates and energy prices signal reflation trade, 10-year yield and crude oil take flight, TNX, USO, AMD, SEDG, CSCO

By Michael Ashbaugh, MarketWatch

Technically speaking, the major U.S. benchmarks have asserted a near-term holding pattern, pulling in modestly from all-time highs.

Still, the slight downturn punctuates previously aggressive January breakouts amid a still comfortably bullish bigger-picture backdrop.

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