SPX every day
It was one other spectacular day for US equities. Futures have been flat early in the present day however a gradual trickle of bids was the story all through the day adopted by a flash of shopping for late.
- S&P 500 +1.0%
- Nasdaq Comp +1.4%
- DJIA +0.6%
- Russell 2000 +0.9%
- Toronto TSX Comp +0.2%
These are the eighth consecutive beneficial properties within the S&P 500 and Nasdaq in probably the greatest runs since early within the pandemic.
At this level, you would argue that the rebound has run its course with the S&P 500 solely 60 factors from an all-time excessive. On the identical time, you would argue that the robust rejection of decrease ranges is bullish, particularly with the Fed primed to chop and the financial system holding up.
