Unlike what we have grown accustomed to recently, this week is kicking off rather quietly as US equity futures are indicating just a modestly positive open. The only major economic indicator being released today is the ISM Services report at 10 AM. In the Health Care sector, though, things are pretty busy as the annual JP Morgan Healthcare Conference kicks off today. Read today’s Bespoke Morning Lineup below for major macro and stock-specific news events, updated market internals, and commentary.
Chinese equities saw another positive session overnight with a gain of just over half of one percent. In the last two days now, the CSI 300 is up just over 3% as optimism over the US-China trade talks increases, especially after Xi’s top trade official unexpectedly attended the latest round of trade talks. While it’s nice to see strength in equities both here and in China, we would note that the latest two-day rally is just the latest in a series of other two-day rallies of 3% plus that all took place at higher levels than the current one.
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