Futures Trading Education
U.S. Equity Markets finished the week in the green (SPX +1.1%, NDX +1%, RUT +1.7%, DJIA +1.6%), while Treasuries were bid across the curve despite initial two-way action on US PCE, but eventually saw strength in wake of US PCE. The data itself saw core slightly above...
Futures Trading Education
U.S. Equity Markets were slammed on Wednesday with both the S&P and NASDAQ 100 closing lower by 2.3% and 3.7%, respectively. The weakness was primarily observed in the large caps with Tech, Consumer Discretionary and Communication Services tumbling c. 4% with...
Futures Trading Education
U.S Equity Markets closed mixed on Tuesday following a trading session that witnessed plenty of two-way price action. The NDX underperformed, seeing marginal losses after NXPI earnings disappointed, which weighed on semis. Both the S&P and Dow sold off, with a...
Futures Trading Education
U.S. Equity Markets pared some of last week’s losses with gains led by the Nasdaq and Russell 2000, although gains were broad-based with the vast majority of sectors in the green while the equal-weight S&P also surged. The equity upside was largely led by...
Futures Trading Education
The equity slide continued on Friday with a global IT outage sparked by a CrowdStrike (CRWD) update weighing on sentiment while President Biden’s re-election chances continue to dwindle. T-notes also continued to slide with the 10 Year yield matching...
Futures Trading Education
Apart from the Dow, U.S. Equity Markets tumbled on Wednesday with tech and semis leading the weakness on Bloomberg reports that the US warned allies of stricter trade rules in a China chip crackdown, while ASML (ASML NA) provided weak Q3 guidance. US Presidential...
Futures Trading Education
U.S. Equity Markets saw broad-based gains on Tuesday (SPX +0.6%, DJIA +1.9%) although the Nasdaq 100 (flat) underperformed and was weighed on by Nvidia (-1.6%) weakness, while the Russell 2000 (+3.5%) continued its surge higher, which also saw the regional banking ETF...
Futures Trading Education
US indices closed Monday with upside bias (SPX & NDX +0.3%, DJIA +0.4%) while the small-cap Russell 2000 (+1.9%) continued its outperformance, with the highlights being the failed Trump assassination attempt, which has ultimately boosted his election chances, and...
Futures Trading Education
U.S. Equity Markets ended Friday firmer, with outperformance in the small-cap Russell 2000 (+1.1%) which closed out the week with strong gains, although the SPX and NDX saw weakness into the close to settle off best levels. In the wake of the US PPI report, which was...
Futures Trading Education
U.S. Equity Markets pushed to fresh record highs again on Wednesday with outperformance in Tech leading the gains. Semiconductors were buoyed by strong TSMC (TSM) sales numbers while Apple (AAPL) caught a bid on reports it is to boost its iPhone 16 shipments. Fed...
Futures Trading Education
U.S. Equity Markets closed mixed on Tuesday. The S&P 500 again closed at a new all-time high while the small-cap Russell 2000 (-0.5%) was the underperformer. Sectors were mixed with Materials and Energy the laggards, as the former was weighed on by slight losses...
Futures Trading Education
It was ultimately a rather uneventful session on Monday with the US highlight being mixed inflation expectations from the New York Fed SCE (see below). Meanwhile, over the weekend, a surprise French election result initially weighed on the Euro and EGBs, and in...
Futures Trading Education
On Friday, the main focus was the US Non-Farm Payrolls Report. The headline came in above expectations at 206k (exp. 190k), although the prior saw a chunky revision lower to 218k from 272k, while the two-month net revisions were -111k from -15k. Meanwhile, the...
Futures Trading Education
On the shortened holiday trading day, the S&P and Nasdaq 100 managed to close at record highs while Bond Yields and the U.S. Dollar tumbled. The primary drivers of price action were a slew of soft economic data. The highlight was the woeful ISM Services PMI which...
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