Hello Everyone,
Market Comments: Logical oversold bounce for the market as I discussed was likely on the weekend as the market was extremely oversold along with various indicators at extreme levels, and price was in a demand zone. The market opened with a gap down that quickly reversed - we call this a 'red to green move'. The market bounced despite the fact that the 10-year yield gapped up and closed AT IT'S HIGHS! Let's see what tomorrow brings, onus is still on the 'bulls'
VERY nice run for Uranium ETF and related stocks!
Key Events for This Week:
1.Tuesday: Various housing data (FHFA housing price index, Case-Shiller home price index, new home sales, consumer confidence
2. Wednesday: Durable Orders/Goods (POWELL SPEAKS at 4 pm EST the market close!!!)
3. Thursday: GDP 3rd Estimate, Initial Jobless Claims, Pending Home Sales, Natural Gas Inventories
4. Friday: Adv Goods, Inventories, Personal Spending, PCE prices, Chicago PMI
Matt
