S&P 500 Extends Bullish Gaps, Oil Awaits OPEC, A Wave of Data Before Holiday

S&P 500 Extends Bullish Gaps, Oil Awaits OPEC, A Wave of Data Before Holiday

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S&P 500 and Oil Talking Points:

• Risk trends received another mixed message Wednesday with a gap higher to start the session, but this time with measurable S&P 500 follow through
• Stimulus efforts are starting to diverge between the US and EU, but that doesn’t seem to undermine the relief rally we’ve witnessed the past weeks
• A run of event risk is on tap for the upcoming session – topped by a OPEC meeting and Powell remarks – ahead of the holiday liquidity drain

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