On the first trading day of the second half of the year, US futures followed a flat and mixed course. The markets that do not start the week with a certain trend will find their direction according to the data that will come during the week.
The Dow Jones is trading sideways with -0.07%, the S&P 500 +0.08%, while the Nasdaq is trading at +0.35% premium led by Tesla. It saw a 6% increase in pre-opening trading after Tesla announced that its electric vehicle sales over the weekend were above expectations.
US stock markets will remain open for half a day today and will be closed completely tomorrow for independence day. The fact that tomorrow is a holiday and there is no fresh catalyst kept the change in the futures markets to a minimum.
While the expectations for the second half of the year are shaped by the moves from the FED, Tom Lee, who has been in bull mode for a while, thinks that the rise in the stock markets will continue.
As Fundstrat head of research Lee raises his target prices on US stock markets, he thinks inflation will fall further in the second half of the year, helping us see a more dovish Fed.
Bitcoin, which has experienced an increase of over 100% in 2023, has been continuing its horizontal movement above $ 30,000 for a while. While BTC's strong defense of the psychological limit of 30k encourages altcoins, the expectation of a summer rally is rising on the side of cryptocurrencies.
