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5/25/2021 11:09:19 AM GMT
Inflation remains transitory – investors take the markets higher.
Lonnie Musk Tweets about renewable energy sources for cyrptos causing them to surge in the afternoon..
Oil – rallies another 3.5% taking it up and thru $66/barrel – an 8% move in 3 days.
US futures edge higher as the S&P is just 1% below all time highs.
Try the Pasta Limone (Lemon Sauce – delish).
Good morning – US stocks rallied yesterday, while the 10 yr. treasury yield fell to 1.58%...….Tech +1.8%, communications +1.85% and the ‘disruptor growth’ names +2.7%, leading us higher as investors appear to be putting the whole inflation conversation on the back burner again……At 4 pm the charts revealed that the Dow added 186 pts or 0.5%, the S&P’s up 41 pts or 1%, the Nasdaq gained 191 pts or 1.4% while the Russell added 12 pts or 0.5%.