Bill Baruch breaks down the macro market action midday.
If you’re sitting with a Tech-heavy portfolio and not rotating or tracking the sector flows, you could be leaving a lot of money on the table— not just over the last 4 months, but maybe over the next 4 years.
The S&P, Nasdaq, crude, gold, and other commodities all came in from early session highs. This is what we're looking at.
Tailwinds are certainly coming from new inflows to start the month, stronger-than-expected Manufacturing PMI from both China and the Eurozone, as well as an improving Covid-19 situation in India.
What type of month-end flows will we see? How does this setup for June? Plus, the data gauntlet also includes the Fed’s preferred inflation indicator, the Core PCE Index, tomorrow.
As of yesterday’s close, the S&P gained 3.2% from last week’s low, and the Nasdaq 5.4%. Although market participants have become accustomed to such swings, these are extraordinary gains, and the market must digest them; yesterday was exactly that.
Monday was strong and exactly what this market needed to set a course for record highs. The S&P cleared a wall of resistance and, along with the Nasdaq and Dow, they’re all at 2-week highs.
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 broke out above rare major 4-star resistance and crude oil is ripping: here's what you need to know heading into Tuesday.
U.S. benchmarks are pointing higher ahead of Monday’s opening bell, but our rare major 4-star ceiling won Friday’s battle and again overshadows today’s early strength.