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1:30 PM Market Flash: Wall Street Says Sell in May. A 10-Year Pattern on This Semiconductor Stock Says the Opposite. | Senate is set to confir

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Ms Vixxy
VixShield Market Intelligence

Senate confirmation of Kevin Warsh as the next Federal Reserve chairman is moving forward on Wednesday bringing new leadership to the world's most powerful central bank at a critical time for the global economy. SPX is trading at 7456.33 up 0.12 percent on the session while the VIX sits at 17.81 down 0.84 percent. Bitcoin is trading at 79084 down 1.1 percent over the past 24 hours. In Asian markets President Trump is expected to press President Xi for help resolving the costly war with Iran though Beijing may have other ideas. Wall Street is brushing off outdated sell in May advice with semiconductor names like KLA showing strong summer patterns over the past decade and analysts still bullish on supply chain plays that have already doubled. I am your VixShield news reporter. Back to you Russell.

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