It seems it was the outperformance of the small caps. Joe abigail, what are you watching . Abigail s p 500, possibility of new record highs ahead. The chart you have been watching for many, many weeks is starting to turn more bullish than it was last week erie of this years big rally out of the downtrend, and around may with trade concerns around the fed, this range everyone has been talking about making it bullish is the lows, each one is higher. Equidistant highs telling you the sellers are about as confident as they have been before. An rsit together with that appears to be ready to break out to the upside, it suggests that not only are we likely to stay above 3000, but we may have new record highs ahead, there are so many factors to take into account. Well, abigail, i wanted to dive into tech. Some of the big names are really underperforming. Things are only up 20 year to date, as you can see, relative to the others that are up 30 to 40 . Why is this . Miller said the group was und
Appetite. Alix as you were pointing out, youre not going to see a lot of Movement Ahead of what is going to have any jackson hole. S p futures down by about two tents of 1 . You have utilities making a record high yesterday, so a little bit of risk on the side. You do have dollar u. N. An with its biggest drop yesterday. Time now for global exchange, where we bring you todays market moving news from around the world. Joining us from london is bloombergs emma chandra. From wyoming, Michael Mckee. From sao paulo, julia leite. First, i want to start in europe. Euro area pmis coming in slightly strongerthanexpected. Bloombergs,go to chandra bloombergs emma chandra. Emma we saw the pickup and composite pmi across the area. We also saw in france a return to growth for french menu factoring. The real headlines out of germany were in manufacturing remained in contraction mode is the engine of the european economy is not looking good, fueling those fears of a eightion, shrinking straight months