Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37278
Truman
Participant

S&P 500 futures are 1.1% above fair value.
Nasdaq 100 futures are 0.9% above fair value;
DJIA futures are 1.2% above fair value

Keys:

Carryover momentum from Friday’s late rally effort
Speculation that market is overdue for meaningful rebound effort, aided by month-end rebalancing activity
M&A buzz with reports indicating Broadcom (AVGO) is in talks to acquire VMWare (VMW) and that Electronic Arts (EA) is looking for a merger partner or sale of company
President Biden says he is thinking about lifting some Chinese tariffs in effort to help ease inflation pressures
Ukraine says it won’t agree to ceasefire with Russia that involves ceding any territory
ECB President Lagarde notes it is possible that ECB could exit negative rates by the end of Q3
Shanghai sees some COVID case improvement, although concerns persist about case pickup in Beijing