US equities are set for sig’ gains, as the mainstream have zero concern about underlying upside in core inflation. Natgas has cooled to $2.77. USD is -0.4% at 97.95.
sp’60min
VIX’60min
Summary
Well, the period before Labor day was never going to favour the bears, but still… another new hist’ high, even when the CPI data was (partly) unfavourable… its all bizarre.
S/t momentum is on the moderately positive side, as the setup favours the bears. Right now, even a tag of yellow gap looks a stretch before the weekend.
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notable stock: CRWV
CoreWeave has earnings in AH.
Bullish engulfing candle. Net bullish.
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notable stock: INTC
Another push against the 50 and 200dma… on hopes CEO Tan will offer Trump some ‘suggestions’ within the near term. Momo has turned positive.
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notable fin: BAC
Not a new hist’ high, but Bank of America is powering upward with the rest of the financials. The ongoing irony is that no rate cuts are a positive for the banks.
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notable stock: PLTR
New hist’ high. I see background chatter from some who believe Berkshire own $5bn of Palantir. Its arguably a baseless rumour.
back at the close…