S&P 500 Index

Yesterday, the S&P finished down by another 3.5%, mounting a loss of nearly 5% on the week. Whereas the NQ lost 3.9% yesterday, it has managed to shed only 3.8% on the week.
Risk-assets are down sharply at the onset of U.S. hours. Heavy selling began at the European open and on news that German Chancellor Merkel will look to close bars and restaurants for November.
Although risk-assets remain vulnerable, yesterday’s bludgeoning did not finish at its worst, and this opens the door for repair.
U.S. benchmarks are on their back foot to start the week as the risk-appetite recedes due to deadlock in Washington, virus resurgence, and a gloomy earnings outlook.
U.S. benchmarks are regaining their late Friday losses on renewed stimulus hopes and strong technical groundwork.
U.S. benchmarks are consolidating at crucial levels of technical support as the stimulus circus drags on.
All eyes will be on Capitol Hill today after President Trump created a self-imposed deadline for ironing out a stimulus deal ahead of the elections.
U.S. benchmarks are regaining their late Friday losses on renewed stimulus hopes and strong technical groundwork.
U.S. benchmarks rebounded yesterday from crucial levels of technical support. The session low came against our major 3-star support at the opening bell and a failure to go lower provided a tailwind for a pivotal intraday recovery despite an unenthusiastic news cycle.
Stimulus hopes in Washington have all but disappeared, sucking risk-premium out across the board.