SPX and INDU making a push to session highs and into the green,following Big tech and Semi’s.Nasdaq +1% taking over leadership role,again. TSLA +7%,Netflix +2.8% apple and Amazon + 1.2%. Tale of the SPX tape:
Looking for a driver of recent push higher in stocks hard to pinpoint one specific reason.California Announcing steps to reopen and Governor Newsom says today is an ” optimistic Day”cant hurt the Bulls. Crude oil continues its Post settle rally thus pulling the very low weighted SPX energy stocks higher.
Sobering news from the CBO( Congressional Budget office)