Maybe a little dead cat bounce on this Tuesday morning? All major indices were in the green in the early hours of Tuesday morning with Nasdaq futures leading the way up 186 points, or 1.53%, with S&P and Dow futures up 1.02% and 0.89%, respectively.
- 10-Year is barely holding on to its 3.00% yield dropping a few points this morning to 3.02%.
- Oil is close to the hundred dollar threshold with a drop to $101 a barrel.
NOTE: Bitcoin is back above $30k after a drop below that mark for the first time since July 2021.
Not a lot happening today data-wise. However, President Joe Biden will give a speech later today to address inflation and will contrast his plans to lower costs for American families with those offered by congressional Republicans, according to Axios…(Axios)