21 July 21 - Investors 'Buy the Dip' | BHP Group Global markets were mostly higher overnight, (S&P 500 index +1.5%) with US markets rebounding from Monday’s sell-off as investors ‘bought the dip’. After a strong start the rebound gained steam with US 10-year treasury yield creeping back up to 1.22% with cyclical/values stocks leading the way with industrials & financials the best performing.  Banks stocks improved on the back of higher bond yields and a more optimistic view on the economy. In saying that, almost all sectors were up, with the stocks hardest hit making the biggest gains such as Airlines and cruise companies being most sensitive to sentiment surrounding the virus.    European stocks were up overnight (Stoxx 600 index, +0.5%) and unlike the US market only partially recovered from its Monday’s sell off as basic resources led the gains, while travel and utilities sectors were both down. ...