The S&P 500 maintains a cautiously bullish outlook as US yields remain elevated amid concerns about an AI-driven market bubble and inflation risks tied to anticipated rate cuts. Treasury issuance remains concentrated at the front end while long-end supply continues drying up—a dynamic that should bring long-dated yields down over the coming sessions. NY Fed President’s remarks supporting a December rate cut marginally lifted equity futures.
Key Levels: Support 6,471.8 │ Resistance 6,760.1
Investor Takeaway: RSI at 56 converging downward with strong MACD buying pressure; macro support from Fed rhetoric offsets yield-driven caution.