US equities have begun November on a positive note. The gains are shaky though, with reversal candles all over the place. USD is -0.6% at 110.64.
sp’60min
VIX’60min
Summary
So… a new month… and we’re moderately higher. In theory, we should see increasing chop, a holding pattern ahead of the Wed’ 2pm Fed.
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notable stock: AMD
As ever… the one to lead the way up! Earnings due in AH
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notable weakness: LLY
Earnings were broadly fine, but the outlook is a little shaky, with the company citing the broadly strong dollar, which continues to dent all income from overseas.
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notable health: PFE
Earnings were broadly fine. The outlook is positive.
The concern should be an eventual mainstream push back against the mRNA shots… but that is a ‘wild card’, and the mainstream hacks continue to keep a tight lid on that issue.
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notable miner: FCX
Powering upward, with copper $3.48, the latter helped with the weaker dollar.