Tech bets back on

Just in time for when the Nasdaq is in the spotlight and tech shares are back in top market trends, Facebook had its anti-trust case dismissed, pushing the social media giant up by 4%.

A rotation back to growth stocks creates a 10% surge in growth stocks since the start of the quarter. Tech stocks have been resilient with recent gains especially pricing in low-interest rates till 2023.

Nasdaq hits record highs

It’s called a market rotation for a reason, so no surprises here, The Nasdaq hit an all-time high of 14,500.51 gaining 140 points overnight, with Facebook finishing of with a 1 trillion market cap. The Nasdaq has been on a bull run for quite some time.  Enjoying lower a yield curve.

USD at multi-month highs

The greenback posts its biggest single daily gain in a week as investors freak out on new highly infectious delta variant cases surging dimming hopes for a quick economic recovery. And apparently, the correlation between the USD and risk appetite is making a comeback too, kind off. It seems that markets are going back to square 1 or let’s call it back to basics.

Oil cools off rally

New delta strain shakes up commodities, as oil treads water after steep losses on Monday night, ahead of OPEC+. The meeting was due to discuss easing supply curbs which kind of weighed on oil prices already and now with covid-19 cases denting recovery hopes, oil prices were weighed upon.