Futures bouncing this morning after yesterday's sell-off. Tech buyers stepping back in, and oil pulling back hard is helping the mood.
$SPX futures up 0.7%, aiming to open above 7,400
$NDX up 0.5%
Dow leading at +1.1%
Oil's dropping fast — WTI down 2.9% to under $90, Brent off 3%. That eases some inflation pressure and gives the Fed more breathing room.
Gold's up 1.1%, which tells you people still want some safety even as they're buying the dip.
Classic risk-on bounce after a shakeout. Question is whether this holds through the session or if we're just setting up for another round of selling. Watch how tech handles the open.
$SPX futures up 0.7%, aiming to open above 7,400
$NDX up 0.5%
Dow leading at +1.1%
Oil's dropping fast — WTI down 2.9% to under $90, Brent off 3%. That eases some inflation pressure and gives the Fed more breathing room.
Gold's up 1.1%, which tells you people still want some safety even as they're buying the dip.
Classic risk-on bounce after a shakeout. Question is whether this holds through the session or if we're just setting up for another round of selling. Watch how tech handles the open.