Today's calendar: no major US data and the bond market is closed for the holiday, but stocks are open.
→ 09:30 ET · US open, Nasdaq futures already up 1.6%
→ Thu 16:00 ET · Cisco and Applied Materials earnings
→ Fri 08:30 ET · Producer prices (est. +0.4% m/m, prior +1.3%)
What I'm watching most: whether the +1.6% in futures holds at the open on a day with no data.
Worst case: if the 10-year yield stays above 5% when bonds reopen Thursday, today's gains get wiped out; I'm watching.
#Economy #Stocks
Watching: $QQQ $CSCO $AMAT
→ 09:30 ET · US open, Nasdaq futures already up 1.6%
→ Thu 16:00 ET · Cisco and Applied Materials earnings
→ Fri 08:30 ET · Producer prices (est. +0.4% m/m, prior +1.3%)
What I'm watching most: whether the +1.6% in futures holds at the open on a day with no data.
Worst case: if the 10-year yield stays above 5% when bonds reopen Thursday, today's gains get wiped out; I'm watching.
#Economy #Stocks
Watching: $QQQ $CSCO $AMAT
