Premarket Percentage Movers
At 8:05 AM:
Position: None
Treasury Actions Today and Economic Calendar for the Week
TREASURY ACTIONS:
11:00AM: Treasury Announces a 4, 8 and 17 Week Bill Auction;
11:00AM: Treasury buyback announcement (liq support);
11:00AM: Treasury hosts a $65B 6-Week Bill Auction;
1:00PM: Treasury hosts a $69B 2-Year Note Auction;
3:00PM: Treasury inv. class auction data
ECONOMIC CALENDAR FOR THE WEEK:
Position: None
Big Expectations for Prime Day: 8 Key Items Shaping the Stock Market Tuesday
Tech slumping, Nvidia’s latest win, June Flash PMI on deck, and other headlines are moving stocks this morning.
Gary Black on SpaceX
Position: Short SPCX (VS)
The Setup Bears Have Been Waiting for Is Here
Here are the three things that triggered the selling, what to watch now and my strategy for this difficult market.
A Record High in Margin Debt (Year Over Year Change)
Here is a point I made in yesterday’s opener, An Adverse Market (Structure) Event Is Growing More Likely:
This is one of Tom Lee’s forward market indicators, but he appears to have ignored it in this cycle.
Position: None
Early Morning Wisdom From Hedgeye
Equities are back into the “Chop Bucket.”
From Hedgeye’s estimable Keith McCullough:
Position: None
Gary Marcus on SpaceX
Position: None
Saylor and Strategy
Position: None
More Tales From Nvidia: Will Mr. Softee Be the Catalyst for a Slowdown in the AI Capital Spending Cycle? (Issue #205!)
And more questions…
Position: None