Reply To: Traders Market Weekly: MAR19-25 — Some Sheep may be Sheared

#34859
Truman
Participant

S&P 500 futures 0.5% above fair value; Nasdaq 100 futures 0.4% above fair value; DJIA futures 0.6% above fair value

Key factors driving the futures market:
S&P 500 reclaiming a position above its 200-day moving average (4477) yesterday without much difficulty
Continued strength in the mega-cap stocks
Appeal of equities as an inflation hedge
Momentum
The US and EU reportedly reached an agreement that provides for increased supply of LNG from the U.S. that will enable Europe to cut its dependency on Russia
Tokyo March CPI hit a six-year high (+1.3% yr/yr)
FAA tells Boeing (BA) that certification of 737 MAX 10 may not happen by year end, according to Reuters
Cannabis stocks jump amid hope that legislation for federal legalization could be passed soon in Congress, although betting odds still remain very low, according to Predict It