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Market Lab Report - Pre-Market Pulse for Wednesday June 6, 2018

The NASDAQ Composite, S&P 500, and Russell 2000 Index all made new highs yesterday on mixed volume. The Dow was off slightly, -0.6% as industrials continue to lag.

Futures are slightly higher at the time of this writing. European stocks are under pressure as two ECB officials indicated the central bank will start intense discussions about winding down its massive bond-buying program when policy makers meet in Riga, Latvia.

“Next week, the Governing Council will have to assess whether progress so far has been sufficient to warrant a gradual unwinding of our net purchases. In making its assessment, it will consider the underlying strength of the euro area economy and the pass-through to wage and price formations,” said ECB Chief Economist Peter Praet in prepared remarks for a speech in Berlin.

Meanwhile, ECB policy maker Jens Weidmann said market expectations for the central bank to end quantitative easing this year are plausible.

Focus List Notes:
All Focus List names made new all-time highs yesterday and remain extended.
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