The Market Brief
Hey team. The overnight session has remained well within Friday’s range and has bounced several times from the market references we’ve shared since then.
Let’s discuss today’s session and all of the important scenarios we’ll be looking at!
Impact Snapshot
US banks will be closed in observance of Columbus Day
Macro Viewpoint
US futures were little changed as investors weighed the impact of fresh Chinese stimulus and looked ahead to major earnings this week.
JPMorgan Chase and Wells Fargo launched the third-quarter earnings season on a strong footing with impressive results, sparking a rally in their stock prices.
The initial signs of a rebound in banking profits contributed to driving the broader market to record highs by the end of last week.
Despite the market reaching new highs, investors remain uneasy amid the uncertainty of a closely-contested presidential election just three weeks away.