As Powell continues to talk to the US Senate, equities remain in minor chop mode… if mostly leaning positive. USD is +0.3% in the 102s… which isn’t helping commodities.
sp’60min
VIX’60min
Summary
Chop chop… chop, with s/t momentum likely to turn positive Friday morning.
We have clarity on rate hikes…
July 26th and Nov’ 1st. Pin it to your desk.
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notable stock: AAPL
Apple pushing for a new hist’ high before the weekend.
FPE 28s… as this is distinctly pricey.
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notable weakness: MRNA
A fourth day lower, breaking a new low for the year. What a shame!
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notable regional bank: PACW
PacWest is arguably in the top three due to fail. Momentum has turned negative.
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notable REIT: VNO
A fourth day lower. Price structure is similar to KRE. Momentum due to turn negative.