To gain an edge, this is what you need to know now.
Bank Of Canada Surprise
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the morning capsule, we wrote:
As we previously shared with you, 4300 level in S&P 500 is a magnet. As of this writing, S&P 500 futures are trading at 4292.
- S&P 500 futures briefly broke above 4300.
- The chart shows when the surprise Bank of Canada (BoC) news hit. BoC raised key interest rates by 25 basis points.