US Equities Mid-Day Color

US equities are trading higher on Monday, led by a rebound in MegaCap names and TMT software. Market volumes remain lighter than average following a record-breaking Russell Rebalance session on Friday.

Key Takeaways

• 1.US equities are mostly higher, led by a rebound in MegaCap stocks, despite poor market breadth.
• 2.Investors are pivoting away from chip/component demand and re-engaging with hyperscalers and software.
• 3.Q2 earnings are expected to grow 22% year-over-year, which is the highest pre-season bar since 2021.

Table of Contents

• Key Focus
• Our Flows
• Chart of the Day
• More in Equity

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