equities

Strength in stocks continues early this week ahead of the Jackson Hole symposium. U.S./China trade talks are expected to start making progress as China increases Crude Oil purchases.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
The S&P has finally taken out the February highs, and news of fast-tracking a Covid-19 vaccine before the November elections is giving stocks an additional boost.
The Nasdaq-100 index closed at a fresh record yesterday, and the S&P 500 battled to settle positive, 1% off its overnight low. This sounds like a healthy session, but not for anything other than tech behemoths.
Yesterday, the S&P 500 index failed to tag its record high from February 19 by 2 points and began slipping after the release of the FOMC minutes. With the failed high under its belt, the Federal Reserve’s reluctance to implement yield curve control weighed on risk-assets broadly and strengthened the U.S. dollar.
After battling a very brief stint with volatility early yesterday, the S&P 500 index and Nasdaq-100 extended their ranges higher into the close. The S&P 500 finished one quarter of a point below its all-time closing high from February 19.

Each week, Eric Jousse at Axia Futures focuses on time frame technical analysis in the futures markets.

Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Home Depot’s 2nd quarter report early this morning reinvigorated a quiet overnight tape. The “do it yourself” narrative during the Covid-19 pandemic was a key driver for the company whose sales and profit surged by 23% and 25% from a year ago.
In recent weeks, there have been mixed messages from China’s central bank; reports have signaled the potential of both more direct measures and a tighter approach as the economy recovers. With the U.S.-China relationship falling apart at the seams, news of China’s stimulus boosted the Shanghai Composite index by 2.34% overnight.