Daily Wrap – The Path Forward

I’ve got a lot for you tonight. This morning S&P futures (+0.3%) were higher and NASDAQ-100 futures as up +0.8% as the carry cross USD/JPY calmed down, and semiconductor, TSMC, reported strong earnings. However, as I wrote yesterday about the major averages’ closes near session lows, “That’s never a good look for the next day’s open.” …