JANET YELLEN JUST MADE THE STOCK MARKET GO CRAZY!!!

The stock market saw a MASSIVE MOVE today as the Treasury Borrowing estimate caught most traders by surprise. The Treasury announced that they expect to borrow less money over the next 2 quarters and none of this was priced into markets or bonds. This led to a 30 point rally on the S&P 500 and we hit a new all time high, taking us over 100 points on the SPX above the previous level that held for 2 years. This was big news today however it might get reversed Wednesday when we hear the Treasuries refunding announcement. Beyond that however, markets didn't seem like they wanted to move until that news, as traders started to prepare for the biggest earnings week. SMCI stock went up after hours after a beat and FFIV had a monster beat as well, but all eyes will be on the more economically sensitive names tomorrow morning. We will also be getting the JOLTS job report and that will have the ability to move things, especially after the huge bond reaction as a result of the treasury today. The vibe is all about earnings and it looks like Wednesday will be filled with events, SO I HOPE YOU ARE READY!
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