Yesterday, trading range was tight despite increased volume, with some volatility due to Trump-Powell news. Meta broke support at $710, with support likely at $680, signaling market impact. Inflation expectations rising, with import prices expected to increase by 0.3% m/m. 5-Year inflation swaps at highest level since October 2023, 10-Year swaps at 2.54%. Concerns rise over long-term inflation expectations amid potential new Fed chair. Market finally broke out of flag pattern as bond yields fell. Uncertainty looms as we wait for more developments.

Read more at Investing.com: Meta Stock’s Breakdown Below Support Does Not Bode Well for the Broader Market