FAANG's Pacing of S&P 500 Up for Grabs Tuesday, USO Drags Oil Lower

FAANG's Pacing of S&P 500 Up for Grabs Tuesday, USO Drags Oil Lower

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FAANG, S&P 500, USDJPY and Oil:

• Risk trends were off to an uneven start Monday as the S&P 500 led US markets to a gap and advance that many others didn’t join in with
• Scheduled event risk will gain in prominence Tuesday with US earnings picking up pace, but the unscheduled factors like economic reopenings still paces sentiment
• US oil returned to its bearish inclinations Monday as news that leading ETF USO was being forced to rebalance its collateral holdings for a third time in a month

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