Merck Under a Lot of Pressure
Merck (MRK US) is breaking strong support at 119.23 (confirmation needed at today's close). If that level breaks, the next levels to monitor are the Imbalance zone between 109.24-116.18 and the major support swing zone between 99.14-105.37. Source: Bloomberg
Goldman: Harris Trails by Around 3pp in the State Currently Most Likely to Decide the Election—Pennsylvania
Source: Mike Z., Goldman Sachs
US Commercial Property Foreclosures jump to more than $20 billion during the 2nd quarter, the most in nearly a decade 🚨
Source: Barchart
In bull markets stocks go up
Source: J-C Parets
This quarter, the reactions to the S&P 500 earnings have been less positive than usual.
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L'Oreal Entering Major Support Zone
L'Oreal (OR FP) is now entering a major support zone between 372-390. Keep an eye on this critical level over the next few days. Source: Bloomberg
As highlighted by Eric Balchunas
The Reshoring ETF $RSHO is quietly nursing a 9-week flow streak (after being ignored since birth) which boosted its assets under management 7x this year. The American Industrial Renaissance ($AIRR) 3ETF also saw AuM jump by $800m YTD. BlackRock noticed this and launched iShares US Manufacturing ETF $MADE. All these ETFS are exposed to Trump Trade 2.0 but this theme spans beyond politics. Source: Bloomberg, Eric Balchunas
US Presidential elections >>> Are we back to square one?
Source: PredictIt, Bloomberg, www.zerohedge.com
