As we move into the second trading week of the year, the markets ended green again. The S&P closed out flat indicating some signs of a reversal. Tech, while under scrutiny from Washington managed to continue a with a bullish note into the after hours. The US30 remained strong, despite general indecisiveness of last week.
The theme of the market seems still very centric around the EV sector and renewables energies sectors despite the winding up to what appears to be an big bull run on crude oil.
Bitcoin and crypto surrounding sectors took a bit of a beating after last weeks extreme rally and the banking industries continues to push highs with the anticipation of both Wells Fargo and JpMorgan/Chase on friday. Federal Treasury speakers, James Bullard comment that cutting back on bond rates was premature and Loretta Mester commented that the current policy change wasn’t needed implying positive news for the economy to unfold as expected, in reaction to decline of the Bond market
As usual we had some big movers for our low float high volume players!