Investors expressed their optimism ahead of this week’s action, by buying US equities today. The S&P saw its best session in nearly 2 weeks and the CCMP/ RTY also enjoyed a day in the green, with the VIX up nearly 10%. Additionally, Oil was higher by almost 3.5%, pulling the XOP and XLE out of their 5-day losing streaks (XLE -8.4%, XOP -11.8% last week). And although Cons Disc (XLY +25bps) was dragged down by TSLA (-6.3%) initially, it was balanced out by a recovery in Amazon’s stock throughout the day (it started down approx. 1.1% and closed up +1.3%).
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