Relief rally for US markets, we expect indexes to remain in positive territory until the end of the session

US markets are in rally mode today, with investors speculating whether the US economy is sufficiently resilient to the negative effects of the coronavirus.

The S & P500 has been pushing back from its bottom today after its heaviest week in the last six months, with indices also supported by strong production data. Technology and consumer stocks lead the rally, with Tesla going over $ 700. Bonds as a safe haven asset are being sold today. The energy sector is lagging behind as oil prices fall. The happy dollar remains strong.

Our expectations remain positive until the end of the US session, and sentiment remains positive today because of the data. The virus crisis comes at a time when the US economy is very strong, which reassures investors, to some extent, that the damage will not be so severe.

Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

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