Industrials & Manufacturing Sectors Trading Above 50-Day Moving Average

Industrial and manufacturing sectors are both trading above their rising 50-day moving averages and just below record highs, says Dan Russo of Potomac. Materials are the stronger of the two, with a better chance of continuing to outperform the S&P 500 (SPX), he adds. Industrial metals are back to highs last seen in 2011. Lumber (/LBS) has overshadowed moves in corn and other crops.

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02 Jun 2021

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Industrials & Manufacturing Sectors Trading Above 50-Day Moving Average

Industrial and manufacturing sectors are both trading above their rising 50-day moving averages and just below record highs, says Dan Russo of Potomac. Materials are the stronger of the two, with a better chance of continuing to outperform the S&P 500 (SPX), he adds. Industrial metals are back to highs last seen in 2011. Lumber (/LBS) has overshadowed moves in corn and other crops.

Market Overtime

02 Jun 2021

ON AIR
7:00 am
Market Overtime
replay

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