Republic Risk: Buy Global Ship Lease (GSL)

We're adding Global Ship Lease (GSL) on Day 2 after a push back above its 20-day.

INSTRUCTIONS: BUY Global Ship Lease (GSL) at Market Price

Equity Storm Watch Is YELLOW on the S&P 500 and YELLOW on the Russell 2000

Futures are lower this morning as major tech stocks begin to cool, with traders shifting their focus to upcoming jobs data for clues on what Jerome Powell and company plan to do next. 

We’ve seen the largest two-day decline in bonds since July 2023, with the 10-year Treasury yield up 19 basis points. Markets are still positioning themselves for a Trump victory in November. 

That said, we have seen extremely high selling pressure in the Russell 2000, and the uptick in bonds is likely to push us into “red territory.” Consumer cyclicals are also under extreme pressure. NVIDIA (NVDA) is under pressure this morning as well.

With the S&P 500 now within range of its 20-day moving average, we have to mind the MACD which turned negative just two days ago. This technical momentum oscillator can be a very strong precursor to major market moves.