Stocks are pointing higher to start the new weeks as investors look to continue the rally.
The Financials Sector NYSEARCA: XLF and banking stocks are showing signs of life. If this continues, it would be good news for the S&P 500 NYSEARCA: SPY and broader market.
In today’s video, we discuss the broad stock market indices, current news and developing themes, as well as our thoughts across the major asset classes. Here’s a recap:
– The Financials Sector is beginning to show signs of relative strength.
– 10-year U.S. treasury yields are building a base above support.
– U.S. Dollar weakness could be a tailwind for commodities.
Stock Market Today Video – October 21, 2019
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