US futures are indicating a slightly lower open. European equity markets have opened weaker, following mostly negative Asian trade. There is some skepticism about the sustainability of the recent market bounce given Fed shows no signs of deviating from the raise-and-hold strategy and continues to push back against pivot hopes. This is sending dollar and bond yields on an upward path, contributing to the tightest financial conditions since the pandemic crash and heightening concerns about market stability.
Companies mentioned: Twitter, Tesla (NASDAQ:TSLA), PepsiCo (NASDAQ:PEP), DraftKings, Walt Disney (NYSE:DIS), Caesars Entertainment