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Extending Highs Post UofM Inflation Exp Down-Revision

US STOCKS
  • Stocks have bounced off early session lows, extending highs following the latest UofM data, strong bid after inflation expectations revised lower.
  • SPX Eminis nearing all time high of 5588.00 from June 20, trades 5583.75 high.
  • Nasdaq on the other hand is making new all-time high of 18,016.87, while DJIA climbs to 39,397.0 it remains well off mid-May high of 40,003.59.
  • Information technology and Industrial sectors leading the rally at the moment.

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