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On the macro front, the "Nasdaq futures symbol" reacted positively to softer PCE inflation data. This has rekindled speculation that the Fed might ease faster than initially guided. Beta plans to list on the New York Stock Exchange under ticker symbol BETA, with Morgan Stanley and Goldman Sachs serving as lead underwriters. In addition, futures on Treasuries, Crude Oil and Gold trade far greater notional amounts per day than their corresponding ETFs each day. Latest data shows the "Nasdaq futures symbol" testing the 18,300 level. Quant funds are increasing exposure, anticipating momentum from strong Q2 earnings in software and chip sectors.
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