Recovery from NFPs flush?

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S&P 500 tried pushing nicely up early yesterday, but was knocked back in the following hours. How bad is this? Looking at the sectoral performance, I‘ve already given clients the answer early in the European session. In today‘s data light day, we‘re waiting for some tech earnings catalysts really – so, looking at XLU, what‘s your bill of health as regards the AI trade? ORCL will be huge in implications across the board, get ready as for now Mag 7 stocks are kind of looking dicey at the moment.

No fresh data I said, but we have NFPs revisions half an hour after the opening bell – will be very signigicant. Meanwhile, gold and silver extended client gains yesterday – and today‘s oil and and copper move hint at how much (or little) risk taking we shall expect right next.

Recovery from NFPs flush?
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