Global S&P Futures mixed in premarket
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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BTIG: SPY gap points to poor near-term risk/reward
June 13, 2024 1:36 PM EDTBTIG analysts warned in a note Thursday that the recent strong performance of the S&P 500 might be short-term, with potential downside in the near future. Their analysis is based on historical data related to gaps following impressive index moves.
"An impressive index move post CPI yet again, but as always, it's the 'reaction to the reaction' that matters," says BTIG. They point out that... More
