Hey team. U.S. futures rose during early trading on Friday as S&P500 is on track for one of it’s best weeks this year.
Let’s see what’s ahead for this market!
Impact Snapshot
🟥 Consumer Sentiment - 10:00am
Macro Viewpoint
U.S. stock futures rose, with the S&P 500 poised to notch one of its strongest weekly performances of the year.
The rebound comes as signs of easing trade tensions between the U.S. and China renew investor appetite for risk and fuel expectations that the Federal Reserve may step in to stave off a potential economic downturn.
Investor confidence has improved after tensions between the U.S. and China started to ease.
Despite lingering concerns over the long-term impact of tariffs and uncertainty about how the global trade landscape will evolve, investors appear to be brushing off last month’s sharp selloff as if it never occurred.
Wall St. Prime Intel
Over $2.8 trillion of notional options exposure will expire today, including $1.2 trillion of SPX options and $580 billion notional of single stock options.
This options expiration will be the largest May expiration on record.
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