After Friday’s deterioration, Monday delivered another weak breadth session. Short-term metrics slipped further, medium-term indicators continued their downward drift, and long-term measures softened at the margin. While not a capitulation, the data show persistent internal weakness, with declining issues maintaining a firm grip on the market.
Alphabet’s Class A shares were up more than 4% in Monday’s midday session after Berkshire Hathaway disclosed a $4.34 billion investment in the company in the third quarter.
Michael Burry will appear on Michael Lewis’ podcast Against the Rules for the 15th anniversary of The Big Short book and the 10th anniversary of the movie.
According to a Bloomberg News report, Maros Sefcovic, the EU’s trade chief, and trade ministers from the bloc’s 27 member states, will raise the issue with U.S. Commerce Secretary Howard Lutnick.
In an interview with CNBC, Hassett remained optimistic about striking an agreement with India, but added that there are a lot of different variables in the India-U.S. relationship.
Following Thursday’s modest recovery in market breadth metrics, Friday’s session saw another weakening across most indicators. Although not as extreme as the midweek slump, the data reveals waning momentum and a fragile recovery.
U.S. stock futures advanced on Monday after Friday’s mixed close. Futures of major benchmark indices were higher. Even as the full resumption of post-shutdown economic data remains uncertain, investors will receive the long-awaited September jobs report on Thursday, according to the BLS website.
