Good morning. US equity futures are very significantly higher, SPX +60pts, we're set to open at 3733. USD is -0.5% at DXY 104.00. The precious metals are a little mixed, Gold -$4, with Silver +0.1%. WTIC is +1.3% in the $110s.
sp'60min
Summary
*first... yes, my sub' site is offline. I've no idea why. Am waiting to hear back from my host. Until then.... here we shall reside!
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Last week ended on a mixed note, if settling fractionally positive. S/t momentum settled on the high side.
Overnight futures have built significant gains, as the futures wheel has been spinning since overnight Sunday. We're set to open in the 3730s... the lower end of purple gap.
At best, the bulls might hold things into late Wed'. Thursday will inherently favour the bears, whilst Friday would then be inclined to bounce... if with yet another lower high.
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Early movers
AAPL +1.7%
ABNB +3.1%
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AMD +1.9%
AMZN +1.7%
BA +2.3%
BHP -1.2%
CCJ +5.0%
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CCL +2.3%
CF +2.2%
CHPT +2.4%
CHWY +4.1%, Wedbush, neutral>outperform 30>35
CLF +1.5%
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COIN +4.3%
Bitcoin is +3.3% in the $21000s. There is little reason to expect the $17000s are a m/t flood. Natural target 13/12k.
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DVN +3.1%
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FCX +2.6%, with copper currently +2cents at $4.03, but notably having printed $4.04
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JBLU +1.8%, increasing their offer for Spirit Airlines (SAVE)
LAC +3.6%
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LEN +4.6%, EPS $4.69 vs 3.95est. Rev' y/y +30.0% to $8.4bn vs 8.1est. Deliveries +14% to 16549 homes. Company warns buyers under pressure from higher rates.
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MSFT +1.5%
MU +2.4%
NIO +6.0%
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NVDA +3.0%
OXY +2.7%
RACE +4.0%, Soc' Gen 242>210
RBLX +3.2%
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RIG +3.7%
SAVE +7.5%, Jetblue increase offer to $33.50
SLB +2.7%
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TLT -1.0%, as yields climb
TSLA +3.0%
UAL +3.0%
UNG -3.9%, with Nat gas -25cents to $6.69
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VIX -2% in the 30s
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X +1.4%
XOM +2.8%
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Overnight markets
Asian markets were rather mixed, whilst European markets are broadly higher...
China: -0.3% at 3306
Germany: currently +1.0% at 13395
UK: currently +0.7% at 7174
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Have a good Tuesday
