The Market Brief
Hey team. Wall Street futures climbed on Monday following the White House’s decision to exclude smartphones and computers from the latest round of reciprocal tariffs on China.
Let’s see what’s ahead for the markets!
Macro Viewpoint
Stocks rose during early trading after President Donald Trump paused import duties on a range of consumer electronics, boosting sentiment.
During the last two weeks, the S&P 500 has experienced one of its best and worst single-day returns in decades.
Brace yourself for continued volatility this week, as there is still a complete absence of liquidity on the S&P 500’s top-of-book depth.
If you question yourself how the S&P 500 could see such massive volatility and basically trade like a crypto shitcoin, this is it.
A sharp widening in bid-ask spreads for the median S&P 500 stock is another indication of today's poor liquidity environment.
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