Futures Trading Education
U.S. Equity Markets closed lower on Friday despite a strong comeback in the last hour of trading. The NASDAQ 100 led the declines with a 0.43% fall following a volatile last trading session for 2023, which saw plenty of two-way price action. Despite the El...
Futures Trading Education
U.S Equity Markets have reversed all of last Wednesday’s one-day reversal, closing at new highs for the year. These moves higher saw both the Dollar and Treasury Yields crushed. Ten-Year Treasuries are now trading at 3.80%. Both Gold and Bitcoin have surged last week....
Futures Trading Education
U.S. Equity Markets ultimately sold off on Wednesday amid a large volume spike in the New York afternoon with the S&P 500 and the Russell 2000 catching up to the earlier big tech/NDX underperformance. The downside came in the absence of a fresh catalyst, with...
Futures Trading Education
The Santa Rally continued on Tuesday but this time the Russell 2000 and equal-weighted S&P led the NDX and S&P 500, with the lower yield environment helping after the Bank of Japan stood pat. Treasuries (10yr yield -3bps at 3.93%) tracked JGBs firmer after...
Futures Trading Education
U.S. Equities were firmer Monday with the NDX leading the S&P 500 higher gradually through the session. There was a lack of obvious catalysts, but perhaps legacy equity bear Mike Wilson (at Morgan Stanley) turning bullish on the market had an outsized effect in a...
Futures Trading Education
U.S. Equity Markets closed mixed on Friday following a volatile trading session on the last Quadruple Expiration for the year. The Dow again led the gains hitting a fresh all-time high during the session. Fed Member Goolsbee did not rule out a rate cut in March and...
Futures Trading Education
U.S. Equity Markets, Bonds, and Gold all surged while the Dollar slumped in response to the ubiquitously dovish FOMC. The gains were led by the small-cap Russell 2000, with regional banks flying, while the equal-weighted S&P beat the market cap-weighted index...
Futures Trading Education
U.S. Equity Markets closed higher on Tuesday after the initial downside seen amid the release of the November US CPI figures unwound through the session. The Core CPI figures rose as expected — 0.3% M/M and 4.0% Y/Y — with upside coming from used vehicles...
Futures Trading Education
Equity Markets were predominantly higher on Monday with stocks catching a bid from the open and grinding higher until the close with outperformance in the NASDAQ. The upside came despite notable weakness in the heavyweight stocks but with notable upside in the...
Futures Trading Education
U.S. Equity Markets made modest gains on Friday, reversing an initial hawkish reaction to the hot NFP report with participants preparing for this week’s CPI and FOMC with a hesitation to miss out on the ‘Santa Rally’ too. The 199k jobs added in...
Futures Trading Education
U.S Equity Markets closed lower on Wednesday with big tech/NDX leading the downside, while small caps (Russell 2000) saw relative outperformance despite slipping into the red in late trade as part of the broader risk souring. Treasuries continued to see...
Futures Trading Education
U.S. Equity Markets were choppy Tuesday with the S&P and NDX little changed whilst the Russell 2000 unwound some of its recent outperformance. The Indices hit their intraday peaks after the cash open, just on the heels of the dovish reaction seen in wake of the...
Futures Trading Education
U.S. Equity Markets closed mixed on Monday with gains in the small caps (Russell 2000) offset by losses in the S&P and NDX. Most of the weakness occurred around the open with the Indices paring somewhat into the New York afternoon, with little new drivers or data...
Futures Trading Education
Equity Markets were largely firmer on Friday although there was particular outperformance in the Russell 2000 with regional banks and cyclicals finding a particular bid. That was a result of the yield backdrop with the Treasury curve seeing massive bull-steepening (2s...
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