President Biden has seen his approval rate strengthen through February and March following a perceived strong performance in his State of the Union Address and surprise trip to Ukraine.
Figure 1: President Biden Approval Rating
Source: FiveThirtyEight
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US 10Y (white) and breakeven (yellow)Source: Bloomberg
Highlight earnings expected after the close: Vornado Realty (VNO $0.665 est), Avis Budget Grp (CAR $6.45 est), Cadence Design (CDNS $0.92 est), Arista Networks (ANET $1.21 est).
Stock indexes holding near late session highs, bounce in Information Technology shares continue to outperform. SPX eminis currently trading +33.25 (0.81%) at 4133; DJIA +258.22 (0.76%) at 34126.81; Nasdaq +135.7 (1.2%) at 11854.16.