Good morning. US equity futures are a little higher, SPX +7pts, we’re set to open at 4234. USD is +0.15% in the DXY 90.09s. The precious metals are leaning weak, Gold -$3, with Silver -0.5%. WTIC is -0.8% in the $68s.
sp’60min
Summary
Special note…
We identified a service configuration that triggered disruptions across our POPs globally and have disabled that configuration. Our global network is coming back online. Continued status is available at https://t.co/RIQWX0LWwl
— Fastly (@fastly) June 8, 2021
My server/site appear to have been having issues due to Fastly (FSLY). Things are recovering… not just for yours truly, but across the planet.
It is another reminder of the absolutely fragile internet that we have. With just a minor server/software update, a single site can take down literal MILLIONS of sites, Its absolute… MADNESS!
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As for equities…
Yesterday settled fractionally weak, although s/t momentum did manage to tick upward, settling fractionally positive.
Overnight futures have been subdued. We’re currently due to open fractionally positive.
It won’t take much – a mere 12pts, to test the recent historic high. If Mr Market wants to confuse/annoy the most, it will open positive, but then reverse lower.
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Early movers
AAPL +0.7%
AG -0.4%, lower silver
AMC +5.5%, WSB
AMD +0.2%
AMZN +0.4%
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BA +1.3%, Southwest Airlines orders 34 737MAX
BIIB +0.2%, minor churn… after massive gains
CCL +0.8%
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COIN -1.8%, Coinbase struggling with lower crypto.
Bitcoin has provisionally confirmed the bearish pennant, and is trading under the decisive 34000s. The door is wide open to a collapse to around psy’20/19k.
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ETSY -1.5%
FB +0.3%
FCX -0.4%, with copper -3cents to $4.49
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FSLY -1.5%, Fastly take down millions of websites.
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GDX -0.5%
GOLD -0.2%
GME +3.7%, WSB, earnings due Wed’ AH.
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IBB +0.5%
MOMO -0.4%, post earnings cooling
MRNA +1.4%,vaccine chatter
MRVL +5.6%, post earnings jump
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MSFT +0.5%
MU +0.7%
NIO +2.4%, helped via TSLA
NVAX +1.8%, vaccine chatter
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NVDA -1.4%, concerns the ARM deal might not proceed
OXY -0.7%
PAAS -1.1%, lower silver
_
PLTR +1.5%, $7.4M contract from the CDC
SLB -0.4%
SNDL +5.6%, speculative nonsense
SPCE +4.1%
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TGT +1.0%
TSLA +3.2%, China sales +29% in May
TLT +0.4%, as yields cool back
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TLRY +4.2%, pot stock s/t hysteria
TWTR +0.2%
UAL +0.8%
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VIX -0.3% in the 16s
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XOM -0.3%
ZM -0.3%
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Overnight markets
Asian markets were a little weak, whilst European markets are leaning a little higher…
Japan: -0.2% at 28963
China: -0.5% at 3580
Germany: currently +0.1% at 15693
UK: currently +0.3% at 7098
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Have a good Tuesday