US equities are choppy, if leaning on the weaker side. VIX is churning the upper teens. USD is +0.3% at 103.62. US 10yr yield is sig’ higher at 4.158%
sp’60min
VIX’60min
Summary
A little cooling sure doesn’t merit any hysteria.
As things are, the default remains s/t bullish into the election.
I’d be more focused on whether Nov’6th (ironically) puts in a key m/t high.
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notable stock: MRNA
As we’re still not dying of Monkeypox… Moderna remains m/t horror.
The only hope is a literal ‘nasty’ virus, and/or the WHO mandating shots for the global populace. For now, the latter appears ‘on hold’ for another few years.
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notable semicon: NVDA
New hist’ high.
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notable retail: TGT
I don’t see any news. Momentum has turned negative.
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notable miner: PAAS
A new multi-year high.
The current gains are being restrained by the main market.
Black candle, and even the bold will be tightening their stops.
Time for lunch