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.

“I am so far from being a pessimist…on the contrary, in spite of my scars, I am tickled to death at life.” – Eugene O’Neill

If you’re looking at the futures for the S&P 500 and Dow, it’s looking like a flattish to modestly positive start to the trading day, but looking over at futures for the Nasdaq shows an entirely different story as that index is indicated to open up by nearly 1%.  Driving the gains in the Nasdaq is the mega caps of Alphabet, Apple, Facebook, Microsoft, and Tesla which are all trading up by 0.75% or more in the pre-market.  Given recent moves in the fixed income market, the recent strength of the mega-caps makes sense.  Think about it, since the start of April we have seen some extremely strong to even historic levels of economic data points, but the yield on the 10-year US Treasury is actually down MTD.  Strong data and lower rates? The mega-caps will take it!

Read today’s Morning Lineup for a recap of all the major market news and events including Japanese purchases of treasuries, German factory orders, US and international COVID trends as well as our series of charts tracking vaccinations, and much more.


Another area of the market where we’re seeing some unwelcome strength is in sentiment.  This morning’s release of bullish sentiment from the American Association of Individual Investors (AAII) showed that bullish sentiment surged by the most since November to 56.90%.  The last time this reading was higher was way back in early 2018.

Print Friendly, PDF & Email