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US STOCKS: Robust Gains Only Partly Reverse Fed-Driven Losses

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • ESH5 at 6017.50 is holding onto impressive gains today (+1.4%) but it still leaves the contract -1.8% lower on the week after Wednesday’s Fed-induced 3.1% slide. Gains are unusually similar across other major indices.
  • Polymarket shows odds of a government shutdown as having tilted from 75% overnight to 45% currently.
  • A session high of 6050.75 has easily seen clearance of resistance at 6008.80 (50-day EMA) but it’s remained below next resistance at 6074.86 (20-day EMA). Support meanwhile is seen at the earlier low of 5866.00.
  • 10Y Treasury yields falling 4bps today has given some respite to real estate which leads gains with +2.3%, followed by IT (+1.8%) and financials (+1.7%). All 11 major sectors are in the green with consumer staples (+0.4%) and energy (+0.8%) lagging gains.
  • Today sees mixed strength for megacaps, led by Nvidia (+3.1% to leave it just +0.3% higher on the week). Weekly moves are even more mixed, ranging from Meta (-3.7%) and Microsoft (-1.8%) to Apple (+2.2%) and Alphabet (+1.4%).
  • E-mini comparison: S&P 500 +1.4%, Nasdaq 100 +1.5%, Dow Jones +1.4%, Russell 2000 +1.5%.
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  • ESH5 at 6017.50 is holding onto impressive gains today (+1.4%) but it still leaves the contract -1.8% lower on the week after Wednesday’s Fed-induced 3.1% slide. Gains are unusually similar across other major indices.
  • Polymarket shows odds of a government shutdown as having tilted from 75% overnight to 45% currently.
  • A session high of 6050.75 has easily seen clearance of resistance at 6008.80 (50-day EMA) but it’s remained below next resistance at 6074.86 (20-day EMA). Support meanwhile is seen at the earlier low of 5866.00.
  • 10Y Treasury yields falling 4bps today has given some respite to real estate which leads gains with +2.3%, followed by IT (+1.8%) and financials (+1.7%). All 11 major sectors are in the green with consumer staples (+0.4%) and energy (+0.8%) lagging gains.
  • Today sees mixed strength for megacaps, led by Nvidia (+3.1% to leave it just +0.3% higher on the week). Weekly moves are even more mixed, ranging from Meta (-3.7%) and Microsoft (-1.8%) to Apple (+2.2%) and Alphabet (+1.4%).
  • E-mini comparison: S&P 500 +1.4%, Nasdaq 100 +1.5%, Dow Jones +1.4%, Russell 2000 +1.5%.