Almost in a reverse of what we’ve seen over the last week, the Nasdaq surged 2.9% and the S&P500 rose 2.4%. Investors bought heavily into big tech giants and economic recovery stocks, and sold down on bonds. So long-term interest rates have fallen and importantly they’ve also stabilised, proving the risk on mood is back. 

The futures are suggesting the Aussie share market will lift 0.7%, which will be a nice addition to yesterday’s 1.7% push up. 

What to watch today:

• Tech stocks will see a lot of action today - after pulling back 13% last week. 
• Agricultural stocks like Elders (ASX:ELD), Greenlane Renewables (ASX:GRN), Nufarm (ASX:NUF) and Rural Funds Group (ASX:RRF), as the Ag-body ABARES is forecasting the sector will recover $66b of their produce this year. 
• Aged care companies like Estia (ASX:EHE) and Regis (ASX:REG) who are likely to receive an extra $452m in funding in the wake of the Aged Care Royal Commission.  
• Building permits are out today for Jan - the market expects permits to have fallen 3% in Jan. 
• The RBA meets today – all eyes will be on stimulus - as in how much more bonds will be bought to keep the AUD low. 

Trading ideas:

• Atomo Diagnostics (ASX:AT1) was initiated as a Bell Potter speculative Buy with a $0.60 target, implying 155% upside. 
• UBS increased its Buy recommendations on Nufarm (ASX:NUF) with a $5.70 price target. 
• BlueScope Steel (ASX:BSL), Straker Translation (ASX:STG) and OFX Group (ASX:OFX) are all giving off bullish charting signals according to Trading Central.