US equities are very significantly higher, as the market appears comfortable ahead of the last FOMC before the election. VIX 25s are supportive of equities. The cooler dollar is giving almost everything, an extra kick upward.
sp’60min
VIX’60min
Summary
Some weak-chop/cooling can be expected into early/mid afternoon, but we’re clearly set for sig’ net daily gains. The 3440/60 zone appears on track.
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notable bond ETF: TLT
The issue… will the June low be taken out? I do NOT expect the fed to announce anything ahead of the election, and that includes yield curve controls.
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notable financial: BAC
I would note the 200dma.
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notable strength: MU
Goldman upgraded Micron from neutral>buy $58s. Broadly… a chop fest.