Are We Getting Back To Normal? Seems Like It

The investor optimism is quite elevated as witnessed by the all-time high levels of major indices. Investors are buying equities and selling long-dated Treasuries – the yields on 30-year US Treasury are at the highest level since mid-January 2020 after breaking above many resistance levels. Many areas of the economy are still depressed but prominent…

Morning Notes – Wednesday February 17, 2021

Directional Bias For The Day: S&P Futures are lower; The odds are for a sideways to a down day – watch for a break above 3936.75 and break below 3913.00 for clarity Key economic data report due during the day: Retail Sales ( 5.3% vs.1.1% est.; prev. -0.7%) at 8:30 AM Core Retail Sales (…