US equities are broadly lower. VIX is higher, if only to the 14s. USD is +0.45% at 102.30. The US 10yr has cooled to 3.71%
sp’60min
VIX’60min
Summary
Its 11am, which is typical turn time.
Equity bears should be very especially mindful the market will be inclined to use Powell as the excuse for a midweek rebound.
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notable stock: TSLA
Tesla resilient to the main market. Teal gap filled.
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notable Dow component: BA
Boeing lower, despite news of an order from Avolon.
Friday’s black/spiky candle has played out.
Momentum to turn negative on Wednesday.
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notable banking ETF: KRE
Regional banks struggling with the main market. Momentum due to turn negative.
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notable miner: FCX
Lower with copper printing $3.83
Time for lunch…