Breakfast Bites - Still pensive

Author

Ayesha Tariq
August 28, 2024

Rise and shine everyone.

US Equity Futures are flat this morning after a slight reversal yesterday. The Russell 2000 small cap index is lagging again, however.

Technology still led the sector rotation for the SPX yesterday but below that was a very mixed picture. It’s like the market is looking for some direction.

The big news this morning is the sudden decline in Bitcoin. No idea what’s going on there but, there have been some people reporting that people are taking profits in Bitcoin. Others speculate that the AI boom is hampering BTC mining. At this point, it’s anyone’s guess.

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