Money Makers, market open update for Monday July 13.
S&P 500 - 7,554
Nasdaq - 26,281
WTI Oil - $74.44
down 0.28% under pressure up 4.24%
Al chip stocks are selling off globally this morning - investors are questioning whether the rally has more room before Tuesday's data hits.
Oil is the wildcard. Hormuz tensions are pushing crude up over 4% at open. That feeds directly into tomorrow's CPI print at 8:30 AM ET.
Two Lanes:
Long term - hold your positions. Tomorrow's CPI and bank earnings are the real story, not today's noise.
High frequency - watch oil and tech in the first 30 minutes. Direction won't be clear until both settle.
We’ve got 3 stories fire you today so start tuned.
44 Views
