Day Trading 13 July Pre Market

Morning all
Thanks AMsters

SPI futures look set to continue their march up diddly upwards as Wall St continued its run into record territory.
SPI + 30 @ 5394

Upbeat economic data and low bond yields are acting to funnel money into the markets.
However it is the defensive telecommunication and consumer staple sectors that are benefitting most, as fund money acknowledges there are few other places to invest.
This outperformance in high-yielding areas of the market underscores investor concerns over the economy's resilience in the face of global stagnation.
Yields on 10-year U.S. Treasury 10- year notes rose on Monday, but remained close to the record low of 1.321 percent hit last week.
"We don’t have the rising (bond) yields that would typically check the market rally, that’s one of the reasons we keep going higher," said Jim Paulsen, chief investment strategist at Wells Capital Management in Minneapolis.
"I certainly think (low bond yields) are creating problems in the bond-like stocks. I wouldn’t want to be sitting in utilities or REITs right now."
S&P + .4%
Nasdaq + .7%

Oil $46.62 + $1.86















Have a good day