For paid members today, we published a Chart of the Day looking at a strong move recently in the Biotech group. We also published our weekly Stock Seasonality report plus our popular post-market Closer. There’s also still time to check out our Q2 2016 Bespoke Report outlook piece. Choose a membership option at this page to see the report now.
US equity futures were higher before the open this morning, but we saw stocks move into the red quickly after the open and they never made it back into the green. The S&P 500, Dow 30 and Nasdaq 100 were all down roughly 35 basis points, but small-caps (IJR) fell more than 1%. Industrials, Materials, Consumer Discretionary, and Energy led the market lower, while Health Care bucked the trend and actually gained 1.2%.
Outside of the US, the Brazil ETF (EWZ) got walloped by 5%. Oil fell 2.7% while natural gas rose 3%. Treasury bond ETFs gained slightly. Have a good evening — we’ll be back first thing tomorrow AM as usual.