Reply To: Traders Market Weekly: Yield Inversion Therapy Kill Growth To Kill Inflation

#35020
Truman
Participant

S&P 500 futures 0.1% below fair value; Nasdaq 100 futures 0.3% below fair value; DJIA futures 0.3% below fair value

Key factors driving the futures market:

Breather after S&P 500 rallied 11.0% since March 14
Tempered hopes for a ceasefire after Russia refuted a breakthrough in peace talks
Senator Joe Manchin (D-WV) says he will not support President Biden’s proposal for 20% minimum tax on billionaires that was part of his budget, according to The Hill
Germany might have to ration natural gas amid Russian dispute, according to CNBC
China critical of western sanctions against Russia for Ukraine war, according to Reuters
Micron (MU), lululemon athletica (LULU), and BioNTech (BNTX) jump on pleasing earnings news
Chewy (CHWY) and Five Below (FIVE) provide disappointing guidance