S&P 500 rejected downswing continuation in the session‘s first half, yet respected 4,915 resistance almost till the end of the session. The three key earnings – AAPL, META and AMZN – ended up better than mixed, with only AAPL down all the way to 200-day moving average support, but market reaction to AMZN very positively surprised. It‘s not just about whether companies beat, but how markets take it – and this was completely the opposite of MSFT, hinting at better NVDA going next.
Gold as well delivered nice gains into the rising bond market, but non-farm payrolls would rule today – and better remember the Wednesday‘s non-farm employment change (that‘s calculated on a smaller size subset of companies) undewhelming figure ushering in a dip as that‘s what is in my view briefly coming for risk taking in general today.
Here is the brief summary from the European morning from our channel, and I‘ll concentrate on live coverage on Telegram and Twitter throughout today.
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