S&P 500 up 47 points
US equities are off to a strong start with the S&P 500 climbing 47 points, matching Friday’s decline.
The chart is still damaged but at least it’s showing some life.
I don’t think we will get a sustained rally until after the US midterms but this might be the start of a bottom…or it could evaporate in an hour.
The equity strength is adding to a bid in the US dollar.