The Stim, the Curve, and the Potential – US equities continue to add to their gains post the European close. The potential for a peak in new US cases leading to the potential of some easing of the quarantine restrictions, is helping investors feel better about adding to their positions. Also helpful, another stimulus package ($250-500bn) for small businesses could be voted on before the weekend. Granted the markets have a different mindset in the final thirty minutes of trading. But as of now, the SPX looks safe to hold the 2650 support level that was created Monday.
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.