See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium.  Betfair Online Live Casino to learn more and start your trial.

“No matter who you are, the grass is never greener on the other side.” – Venus Williams

Morning stock market summary

Below is a snippet of commentary from today’s Morning Lineup. Start a two-week trial to Bespoke Premium to view the full report.  

The winds of a negative Betfair Online Live Casinostart to the week have shifted overnight, and futures have turned positive as we approach the opening bell.  Major Asian indices were lower last night, but Europe has traded positively. In the French elections, parties aligned with the left were able to outdo Le Pen’s far-right party, and with no party winning an outright majority, the extremes of each side will never materialize. Outside of Europe, cease-fire talks in the Israel-Gaza war have pushed oil prices lower. Back here at home in the US, there’s still a lot of uncertainty over whether President Biden will stay in the race, but calls for him to step aside have been slowly Betfair Online Live Casinogrowing. From a market perspective, there seems to be little concern at this point

The economic calendar is quiet this morning with the New York Fed Survey of Consumer Expectations scheduled for 11 AM. Traders will be watching that report for inflation expectations, but unless there is a big move in the number, it shouldn’t have much of a market impact.  There’s also not much on the earnings calendar this morning, although Corning (GLW) preannounced better-than-expected Q2 numbers citing strength in AI.  Looking ahead, Friday marks the unofficial start to earnings season when the major banks report, but between now and then, betfair casino slotswe’ll hear from Delta (DAL), Pepsi (PEP), Conagra (CAG), and Progressive (PGR) which all report on Thursday.

Venus Williams may claim that the grass is never greener on the other side, but try telling that to small and mid-cap stocks.  The snapshot below from our Trend Analyzer shows where US indices stand relative to their trading ranges. Whether you look at YTD returns, the last five trading days, or where each index finished off last week relative to its 50-day moving average (DMA), it’s a market of large and mega caps and everything else.

Of the fourteen index ETFs shown, seven are up over 15% YTD, were up at least 1% in the last five trading days, betfair online betting appand are all at least 4% above their respective 50-DMAs. What do they all have in common? They’re all dominated by mega-cap stocks.  The other seven index ETFs have fared much more poorly on both a YTD basis and over the last five trading days, and the key theme across all but one of these ETFs is the complete absence of any large-cap stocks let alone any mega-caps. The one exception is the Dow (DIA), and while mega-caps like Microsoft (MSFT), Apple (AAPL), and (AMZN) are all in that index, their combined weighting is ‘only’ 14% and other stocks like Nvidia (NVDA) and Alphabet (GOOGL) have no showing.

Investors have been waiting for months for the pendulum best betfair slotsto shift back in favor of small caps, but like many lawns this summer, any signs of green have quickly faded.

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