Marketmind: Wall St re-finds mojo – but hurdles ahead

Wall St stocks shook off their new year torpor with the best day in almost two months on Monday – as tech fizzed again and disinflation signals mounted even as Boeing's woes acted as a drag on the blue chip Dow Jones index. Still acting as a drag, last month's rate cut euphoria seems absent from the bond market – with 10-year Treasury yields stuck above 4% and even the more dovish Federal Reserve officials pushing back against bets of rate cuts as soon as March. Futures markets are now not fully priced for a first quarter-point cut until May.