The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Bulls push higher after GDP miss
Big Picture Analysis – Gains in US equities were extended yesterday and overnight, with bulls asserting control, despite a GDP miss this morning. As we write, the ES has reached the upper extreme in its trend channel below. While the case for consolidation here could be made, markets can always potentially become more overbought. Consumer Sentiment today at 9:55 am could be a market mover if out of consensus.
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