Major indexes rallied yesterday on lighter volume following Monday's severe sell-off. In a bearish move, indexes gave up most of their gains in the final minutes of the trading day.
Futures were nearly flat on Wednesday, pulling back from sharp losses earlier, after the Trump administration softened its stance on restricting foreign investments. The US government will rely on a modernized Committee on Foreign Investment in the United States (CFIUS) as the best approach to protect sensitive domestic technologies, a senior administration official said. Nevertheless, rising protectionism is a threat to equity markets.
Focus List Notes:
We would not be looking to go long at this time, and instead would remain focused on our selling guides as the market environment begins to deteriorate.
Market Lab Report - Pre-Market Pulse for Wednesday, June 27, 2018
|Published:||27 Jun 2018 09:04 ET|
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