Rinse and repeat. Day after day we have slow sleepy markets with quiet new highs, most notable the NASDAQ. So, blah blah blah the major averages (DOW, S&P 500, NASDAQ Composite) all rose tiny percentages and finished with most people only waking up for Apple's earnings (just blah, trading lower after hours). Oil is now hitting $48 and weak, interest rates lower again (10 yr under 2.3%), car sales weakening and blah blah blah. If it weren't for the
FANG stocks (Facebook, Amazon, Netflix & Google) and about 4 others (Apple for sure) markets would not be near where they are currently. Robots take note and
MAYBE
they are beginning to. So, tomorrow the FOMC wraps up their May meeting withNOTHING
expected on the interest rate front. No press conference either. ADP payroll number in the morning and Friday's NFP numbers are some things to watch. French elections Sunday too. Fintech sector very quiet also. The KBW NASDAQ fintech indexKFTX
closed off1.04
points (-0.09%
) to 1157.40. Breadth showed 29 issues up, 19 down and 2 unchanged. Blah.Have a nice evening and for our robots who follow this (yeah, some do) get yourself a nice "oil martini".