The market is in a calmer temper because the bond selloff eases for now
- S&P 500 futures +0.5%
- Nasdaq futures +0.8%
- Dow futures +0.5%
- Russell 2000 futures +0.8%
Yesterday was one other style of the reflation theme as equities noticed some rotation play with tech shares being dragged decrease whereas worth shares on the Dow moved up.
Transferring ahead, will probably be more and more robust to speak about US equities with out speaking in regards to the broader indices outdoors of tech; given the main focus of the market.
For at this time, the bond market is trying calmer after the early rout yesterday ended up being a extra modest selloff by the top of the day. That’s feeding to some calmer tones throughout the equities house as nicely with US futures preserving greater as seen above.
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An attention-grabbing truth to buying and selling yesterday is that the S&P 500 index posted its fifth consecutive every day loss (although it positive does not really feel prefer it). The final time that occurred was again in February 2020 when the panic from the pandemic struck.
I do not assume it’s a sign of what’s to come back however only a slightly attention-grabbing anecdote given how a lot the market has been accustomed to simple cash over the previous yr.