Technical Update (Bounce or Bottom?)

Technical Market Update – Bounce or Bottom?, U.S./China Trade Update (What’s Next and What Sectors Benefit), Futures are modestly lower as markets digest the recent rally following a quiet night of news. Today focus will remain on the Fed as we get multiple Fed speakers, highlighted by Fed Chair Powell (1:00 PM) and Vice Chair Clarida (5:30 PM) and more.

Technical Update

Technical update, economic data recap, EIA analysis and oil update and more. Today, there is one important economic report to watch: Industrial Production (E: 0.2%) and two Fed speakers: Clarida before the open (8:30 a.m. ET) and Evans just before lunch (11:30 a.m. ET), otherwise, focus will be on tech shares today as if the bad earnings from NVDA weigh on the sector more broadly, then stocks will have a hard time extending yesterday’s bounce.