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.
“A plan without action isn’t a plan, it’s a speech.” – T. Boone Pickens
Futures are trading higher heading into the opening bell this morning on what is still another relatively light morning for earnings data. The economic calendar was on the busy side this morning as Jobless Claims, Housing Starts, and the Philly Fed Manufacturing report were all just released and they ALL came in better than expected.
Be sure to check out today’s Morning Lineup for updates on the latest market news and events, Korean export data, an update on the latest national and international COVID trends, and much more.
Equities had a big day yesterday with the S&P 500 up over 1% and the Nasdaq higher by close to 2%. One notable area of weakness, though, was in semiconductors. In a divergence you don’t see very often, despite the broader market gains, the Philadelphia Semiconductor Index (SOX) finished the day down marginally. This type of divergence is so uncommon in fact that you have to go all the way back to October 2007 to find the last time the SOX was down on a day when the Nasdaq was up over 1.5%.