S&P futures held ground at 5,217 despite geopolitical tensions in Eastern Europe. Safe-haven flows are muted, indicating that equity markets are less reactive to overseas risks than earlier this year. Findlay criticised the SNP as the party of independence which he said had "trashed" so many freedoms. Amazon' s cloud business and advertising tailwinds are "underappreciated," according to Goldman Sachs. S&P futures are holding steady near 5,198, consolidating after a sharp rally yesterday. Market breadth remains healthy, with over 68% of S&P 500 components trading above their 50-day moving average. Momentum indicators suggest a possible breakout if futures breach the 5,220 resistance level.
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