Financials Futures Prices
- Stocks Decline - Don’t get Caught
My goal for these updates is to educate you, give you ideas, and help you manage money like I did when I was pressing the buy and sell buttons for $600+...
- Pandemic 2020 Is Gone! Will 2021 Be Better for Gold?
Hurray! The disastrous year of 2020, which brought about the COVID-19 pandemic, the Great Lockdown, and the economic crisis, is over! Now, the question...
- Mixed Bias = Down Day
Yesterday the markets migrated to the downside, will this change today? Read on to learn more
- Higher Yields Hit Gold, But for How Long?
What happened? The main driver of the recent weakness in the precious metals market has been the Democratic victory in the Georgia Senate elections. Thanks...
- The First Glimpse of a Biden-Powell Bromance
ES, NQ, Treasuries, Crude Oil, Gold, and Silver
- Diagnosis, Evaluation and Remedy (January 13-15, 2021)
...from Degreed Meteorologist, "Dr. Weather" (aka Jim Roemer)
Futures Market News and Commentary
Mar 10-year T-notes (ZNH21) on Friday closed up +9.5 ticks, and the 10-year T-note yield fell -3.5 bp to 1.094%.
March 10-year T-note prices on Friday rallied to a 1-week high after a sell-off in stocks boosted safe-haven buying of government debt. T-notes extended their gains Friday on mostly weaker than expected U.S. economic data. T-note prices also saw support from the ongoing Covid pandemic after global Covid deaths rose above 2 million.
Stocks retreated Friday and provided support to T-notes on the recognition that the Biden administration's $1.9 trillion pandemic relief package is not likely to pass in its current form. Markets are concerned that Biden's proposals will be watered down by Congressional opposition and that the final version of the stimulus may be well below the $1.9 trillion size. Also, the possibility of higher taxes is negative for stocks but supportive for T-notes.
Friday's U.S. economic data was mostly weaker-than-... Read more