Morning Dose: Futures Surge on Tariff Delay News
A quick analysis of today’s market outlook and key trading opportunities to start your day.
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Intro & Market Mood
Welcome to The Morning Dose – Everything You Need to Know Before the Market Opens.
Person1: Good morning! And it looks like a buoyant start to the day, doesn’t it?
Person2: Absolutely! Futures are pointing sharply higher. The S&P 500 futures, for instance, are trading a hefty 87 points above fair value.
Person1: That’s a significant jump. And the catalyst seems to be the overnight news about a delay in those extra E.U. tariffs, now pushed to July 9th. The market loves a bit of certainty, or at least, a delay in uncertainty!
Deep Dive – Futures & Treasuries
Details on S&P, DJIA, Nasdaq futures. Treasury yield movements.
Overnight Headlines – Global Pulse
Asian and European market brief.
Economic Calendar – What to Watch
Key US economic reports for the day:
- 8:30 ET: Durable Orders (April, consensus -8.1%)
- 9:00 ET: FHFA Housing Price Index (March, consensus 0.2%), S&P Case-Shiller Home Price Index (March, consensus 4.4%)
- 10:00 ET: Consumer Confidence (May, consensus 87.0)
Corporate Corner – Earnings & Movers
Earnings: AutoZone, Bank of Nova Scotia, PDD, Skyline Champion.
Notable Stock News: AMC, CoreWeave, Nvidia, Tesla.
M&A: U.S. Steel, E2open.
Analyst Actions: Key upgrades/downgrades.
Market Sentiment – SPY & QQQ Analysis
SPY: Current state, key levels, selling pressure.
QQQ: Cautious mood, selling pressure, key levels.
VXX: Volatility check.
Sector Rotation.
Scenarios & Trading Strategy
Bullish/Bearish scenarios, what traders should watch.
Wrap-Up & Final Thoughts
Key takeaways, final advice.
Person1: And that’s it for our morning briefing. Stay informed and trade wisely. Good luck out there!
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