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 trial to Bespoke Premium.  CLICK HERE to learn more and start your trial.

“A man has cause for regret only when he sows and no one reaps.” – Charles Goodyear

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

After a strong bounce-back day yesterday following Friday’s 1% drop, US equity futures are down slightly ahead of today’s open on relatively little news.  As shown below, market internals remain overbought, but not by much.

Looking at sectors, Energy now has the highest percentage of stocks above their 50-day moving averages at 91.3%, and the Energy sector’s valuation relative to the last ten years is on the low side compared to the rest of the market.  Financials and Technology currently have the highest valuations relative to readings over the last ten years.