Live index futures risk-on sentiment dominates live index

Risk-on sentiment dominates live index futures trading this morning, driven by signs of economic stabilization in Asia. Investors are increasing exposure to cyclical stocks, while options markets price lower implied volatility over the next week. "With the upside for the shares now at only 4%, based on a $210 per share takeout offer, we see little reason to maintain a Buy rating," Roth analysts said Tuesday in the note. But bitcoin appears to be acting more in the spirit of Hartnett's call. Bullish sentiment in live index futures coincides with stronger commodity markets. Energy futures rally is supporting S&P 500 sectors, while analysts foresee increased rotation into value stocks if yield spreads narrow this month.