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“I see life almost like one long University education that I never had — every day I’m learning something new.” – Richard Branson
Outside of the crypto space, it was a relatively uneventful weekend for financial markets. Equities are looking to kick off the week on a positive note with the Nasdaq leading the way higher. Both the economic and earnings calendars are quiet, but the pace will pick up tomorrow.
Read today’s Morning Lineup for a recap of all the major market news and events including a recap of overnight economic and earnings data, a look at the change in total market cap for the crypto universe during the recent sell-off, and the latest US and international COVID trends including our vaccination trackers, and much more.
Heading into the new week and the last week before the unofficial start of the Summer season, we wanted to provide a quick update on the market’s breadth. Starting with the S&P 500, its cumulative A/D line has tracked price very closely with breadth actually holding up modestly better than the price.