US equities are set for net daily declines of some degree. VIX is due to settle in the 15/16s. The US 10yr yield printed 4.33%
sp’60min
VIX’60min
Summary
Well, the Fed press release didn’t help, with the SPX set for the fifth daily decline of seven. Support 4910/4900… as is clearly within range tomorrow.
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notable stock: NVDA
Nvidia has earnings in AH. Headline earnings should be fine… the only concern would be the outlook. Best guess… lower, but I’d not be short what is m/t super strong.
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notable stock : RIVN
Rivian Automotive has earnings in AH. The vehicles look nice, but the company is struggling, and I don’t see this as having a l/t future.
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notable stock: AMZN
Amazon battling to positive.
The Dow inclusion is a distinct mid/long term positive.
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notable Dow component: DIS
Disney lower for a third day. Gap tagged. Momentum due to turn negative on Thursday, not least if SPX is -1%.
back at the close…