equities

U.S. benchmarks steadied the ship yesterday and continued their rebound overnight; all 4 were up nearly 1% ahead of the opening bell.
We can’t ignore the dash-for-trash, stick-it-to-Wall-Street short squeezes. We do believe the dislodging of many corners of the market last week aided waves of selling or liquidation, but we also think the market was left wanting more on the stimulus front.
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 flood gates opened through yesterday’s Federal Reserve policy meeting and U.S. benchmarks closed sharply lower. The committee left policy unchanged, but the risk landscape has been on shaky footing due to ongoing fiscal policy delays in Washington. 
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.
A profit is a profit, so there’s no wrong way to take yours. That said, there’s a difference in opinion when it comes to how to take them.
In recent days and weeks, we’ve pointed to froth, extended valuations, and complacency as reasons equity markets could correct 5-10% over any given 2- to 3-day span without being a surprise. Will the Fed intentionally come off as less dovish than expected today?
Yesterday’s whipsaw held a strong level of technical support in the S&P at 3790.50. Frothy conditions can create air pockets driven by news, technical selling, or both, and yesterday was exactly that.
The U.S. jobs picture has certainly deteriorated in recent months and many questions overshadow both the U.S. and Eurozone recovery. This morning, German Ifo Business Climate and Expectations data all fell short of estimates
All 4 major U.S. benchmarks settled at fresh record highs yesterday and each extended its gains ahead of today’s opening bell. Biden’s Presidency is underway and there seems to be a relief rally of sorts.