Wednesday’s premarket is speaking volumes by what it’s not saying. Recently sold tech names, including CRWV, INTC, DDOG, and others, are not rallying.
Wednesday’s premarket is speaking volumes by what it’s not saying. Recently sold tech names, including CRWV, INTC, DDOG, and others, are not rallying. The 10-year yield is not retreating from its highs. Oil, though down $1 (WTI), is not giving back much of its recent rise. There are a few event-related bright spots, like GTLB and DELL, but mainly futures are flat. The action (or lack of action) reads as risk-off. Nevertheless, surprises do pop up every day. We will add setups to our trading board opportunistically as they develop throughout the session.
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