US equities open a little choppy, if leaning on the weaker side. The USD is +0.4% at 105.72, and the US 10yr 4.29%… aren’t helping.
sp’60min
VIX’60min
Summary
The s/t concern should be DAILY momentum, which is in the process of turning negative. Bearish for Thurs’. Bullish for Friday… Q2/H1 window dressing. Bullish Monday… new month… new money for the institutions.
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notable stock: RIVN
.. as VW come to the rescue, as the stock/company will have to be removed from the ‘its doomed’ list.
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notable stock: FDX
Earnings were fine, with the market especially pleased by further cost cuts.
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notable semicon: MU
Spec’ buyers ahead of earnings, due in AH
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notable miner: ALB
Albemarle says it will hold more lithium auctions to improve ‘transparency’.