Futures open Monday with a rebound lean

Futures open Monday with a rebound lean

After a bruising week for the market's largest technology names, futures are pointing to a strong rebound to start Monday's session. Technology is driving the early move, while easing geopolitical tensions following a volatile weekend appear to be giving investors one less reason to fret. And beneath the surface, last week wasn't quite the disaster the headlines made it out to be — the equal-weighted S&P 500 gained 1.6% even as the cap-weighted index struggled.

Gobble's Take: The equal-weighted S&P 500 going up while the headlines screamed pain is the market's way of whispering: not everyone got hurt. Source: Substack

Dip buyers clock in before the open

S&P 500 Index futures are up 0.8% as of 7:26 a.m. in New York, with dip buyers doing the work. The broader tape is mixed: US Dollar -0.1%, 30yr Bonds +0.1%, Crude +1.1%, Nat Gas -1.3%, Gold -0.9%, Silver -1.3%, Copper -0.1%, and BTC +0.9%.

Gobble's Take: Dip buyers showing up before the opening bell is the market quietly rolling its eyes at last week's panic. Source: Perplexity Search (community news)

In Case You Missed It

Yesterday's top stories:

• Trends don't care about your feelings — they only move in three directions.
• Moneycontrol's technical-trends page leads with the data and then immediately tells you not to trust it alone.