US equities on a weak note, but it barely rates as moderate, with the SPX already turning positive. VIX is offering the equity bears… nothing, due to settle the week in the 13/12s. USD is -0.2% at 102.23. US 10yr 3.74%.
sp’60min
VIX’60min
Summary
Weekly jobless claims: 262k vs 262k (prior revised)
The trend remains upward.. if slowly.
Phil’ Fed manu: -13.7 vs -10.4 prior.
Not great for the macro bulls.
… although Empire State manu’: 6.6 vs -31.8 prior.
ECB raise rates +25bps to 3.50%
As for equities, I can’t take the downside seriously, not least with some indexes already turning positive.
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notable stock: TSLA
… just a s/t cooling wave. The current candle is already a reversal, as there are buyers out there.
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notable semicon: NVDA
Yesterday did break a new hist’ high, this early morning is just a little retrace.
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notable fin/Dow component: AXP
Citi 150>148. Someone got paid the big bucks for that micro downgrade, and issuing that press release. Far superior alts: V, MA.
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notable retail: TGT
Divi raised $1.08 to 1.10. The boycott continues though, as it does for many others, not least Budlight.
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*Ohh, and as for Twitter… I’m not in the mood. When <1% can even be bothered to hit the gods damn like button, why should I ?