US equities are increasingly choppy, as the market is trying to floor from sp’4918. USD +0.6% at 104.47. US 10yr 4.15%
sp’60min
VIX’60min
Summary
S/t momentum is still weakening… and prone to turning negative by 2pm.
Orange gap would be a valid target for early Tuesday, when perhaps we should look for an upside reversal.
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notable stock: LLY
New hist’ high. Jefferies, 732>768
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notable banking ETF: KRE
Regional banks… partly main market, partly higher yields>lower bonds.
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notable strength: RKLB
Bouncing… after last Thursday’s drop on the $300M raise via a convert’ corp’ bond offering.
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notable miner: NEM
Lower with the sector. FPE 15s. Y 5.0%.