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.
“Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
It’s ‘jobs Friday’ and for once it seems that it isn’t ‘the most important jobs report of the year’. What makes that even more impressive is that so far, it’s the first report released in 2021! Right now, the market either has other things to worry about or simply doesn’t’ care. It’s hard to tell.
In markets, futures are higher again today as equities have rallied around the world, especially in Asia. Treasury yields are slightly higher in the US, while the dollar is slightly lower.
Be sure to check out today’s Morning Lineup for updates on the latest market news and events, a recap of economic data out of Europe, an update on the latest national and international COVID trends, and much more.
The year is only four trading days old, but already we’ve seen some big moves. While it may seem like we’re an environment where everything is going up, five of the S&P 500’s eleven sectors are actually down on the year with defensives like Consumer Staples, Utilities, and Real Estate all down 1.5% or more. On the upside, the S&P 500 and six other sectors are up over 1%, but the real strength has been in Energy, Materials, and Financials. Energy’s 9.4% gain has been the most impressive of any sector, though. If the year ended today, it would be the best year for Energy since 2016!