Republic Risk: This Can Break The Market

We have to look ahead... otherwise, we'll have a bunch of people on CNBC claiming that "No one saw this crisis coming."

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

Futures are taking a slight breather this morning after the S&P 500 and Nasdaq had their best day in a month, helping propel each to new all-time highs. Helping drive markets, Nvidia continues to roll as the company is set to split ten-for-one tomorrow. Anyone holding shares before today's close will receive nine additional shares. This has helped Nvidia, now with a $3 trillion market cap, to surpass Apple (AAPL) as the 2nd most valuable company on earth, trailing only behind Microsoft (MSFT). 

What to Do Today: Our intraday readings have been choppy as there has been a rotation from energy back into technology. It seems the markets are gearing up for another slow burn higher… aided by the traditional momentum stocks in communications and technology. Energy and materials are screaming recession… but momentum stocks are screaming that more liquidity is entering the system. We’ll be cautious all summer.