SPX upswing continuation prospects
|S&P 500 offered only a shallow premarket correction yesterday, nothing after the opening bell really. Market breadth further improved, volume was solid, and tech was leading (again) – prospects discussed in today‘s video as NVDA is upgraded and I talked stablecoins with COIN and financial landscape implications lately already with clients.
What‘s clear, is that there‘s no willingness to escalate in the Mideast at the moment – so, a cesefire will hold for now. Genuine peace though?
Anyway, Powell isn‘t likely to change monetary stance meaningfully during the testimony, so nothing for bonds to grasp as USD teeters at 98.
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