Stocks are pointing higher to start the new weeks as investors look to continue the rally.
The Financials Sector NYSEARCA: XLF and banking stocks are showing signs of life. If this continues, it would be good news for the S&P 500 NYSEARCA: SPY and broader market.
In today’s video, we discuss the broad stock market indices, current news and developing themes, as well as our thoughts across the major asset classes. Here’s a recap:
– The Financials Sector is beginning to show signs of relative strength.
– 10-year U.S. treasury yields are building a base above support.
– U.S. Dollar weakness could be a tailwind for commodities.
Stock Market Today Video – October 21, 2019
Twitter: @DanRusso_CMT
Author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
