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.

“‘Experience’ is what you got when you didn’t get what you wanted.” – Howard Marks

Futures are indicated mostly higher this morning, although Nasdaq futures have been under pressure as yields on the 10-year rise.  It’s been a busy morning of economic data, but so far there have been no major outliers relative to expectations.

Be sure to check out today’s Morning Lineup for updates on the latest market news and events from the US and around the world, including a discussion of Chinese Current Account, Japanese Inflation, German sentiment, the latest US and international COVID trends including our series of charts tracking vaccinations, and much more.


Within some of the major US indices, it’s a mixed picture with respect to their charts heading into the weekend.

The Russell 2000 broke below its 50-DMA moving average for the first time in over four months earlier this week, and while it bounced at support yesterday, it remains in a bit of limbo heading into today as it sits right between support below and its 50-DMA above.

The Nasdaq 100 has been having a much rougher go of it lately.  With yields remaining temperamental, QQQ has been bouncing around in a range below its 50-DMA.  Yesterday, it made a lower low relative to earlier in the week, so for now it remains in a tenuous position if you’re a bull on the index.

Lastly, while a number of other indices have been under pressure, the S&P 500 continues to chug along.  Yesterday, SPY bounced right at support coinciding with its 50-DMA and uptrend.  Bulls will want to see some follow-through after yesterday’s bounce, but if the weakness in the QQQ continues, it will be hard for SPY to maintain its immunity.

Print Friendly, PDF & Email