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See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
It’s been a lackluster several days for US equities as major indices have been treading water amid the political waves hitting the tape on a daily basis. Yesterday, stocks managed to buck the trend and the rally came right in time for the Nasdaq 100. After falling below its 50-DMA on Tuesday, the Nasdaq 100 looks to have successfully tested its uptrend line from the December lows. The Nasdaq 100 was also able to close back above its 50-DMA, but the lower high relative to July remains in place.
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
You may remember last week that we highlighted the S&P 500’s tendency for weakness towards the end of September, which is something we have started to see in the last couple of days. Looking ahead, the short-term outlook for the market based on seasonality still isn’t great, but the longer-term outlook doesn’t get much better. Based on our Seasonality tool, the S&P 500’s median three-month return from the close on 9/25 over the last ten years has been a gain of 7.10%, which is better than 99% of all other three-month rolling periods throughout the year.
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
Futures are indicated higher this morning, but equities have been in a bit of a holding pattern for the last week as all of the major index ETFs are down over the last five trading days and for the most part, hovering just below overbought levels.
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.