Futures off after yesterday’s Tech-led gains: S&P futures are down 0.3% after Tuesday’s momentum-led advance. The Nasdaq gained 1.52% Tuesday, semis led again, and the SOX capped its best quarter since its 1993 inception. The setup is more cautious this morning: Asia mixed with Taiwan outperforming and South Korea down roughly 2%, Europe lower, Treasuries […]
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S&P futures are up 0.35% Tuesday morning after U.S. equities finished lower Monday, with parcel/logistics, transports, travel/leisure, homebuilders, retailers, industrial conglomerates, precious metals, chemicals, and banks among the laggards. Energy, memory, software, biotech, and exchanges outperformed. Global risk tone is mixed, with Asia mostly lower overnight, Hong Kong lagging, and Europe up more than 1%.
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