Indices Futures Prices
- S&P 500 Pulling Back From New Record, Reversal?
The broad stock market extended its bull market on Friday, as the S&P 500 index reached the new record high of 2,964.15. But it reversed its intraday upward...
- Midday Market Minute
Equity markets are consolidating, and you MUST watch this index most closely. Heres why
- Morning Express - Blue Line Futures
ES, NQ, Crude, Gold. Actionable research out early each morning to brokerage clients with full technicals.
- Gold Higher But With Limited Inflation
Gold futures continue to advance and are near the highest levels in over five years.
- Trading Coach - Actionable Market Levels - June 23
Actionable Levels and Brief Fundamental Analysis
- No Attack Doesn't Move Markets
On Friday the markets fell due to geopolitical events. Will this change today? Read on to learn more...
Futures Market News and Commentary
The S&P 500 ($SPX) this morning is up by +2.40 (+0.08%), the Dow Jones Industrials index ($DOWI) is up 52.96 (+0.20%), and the Nasdaq 100 Index ($IUXX) is up +13.16 (+0.17%). U.S. stock indexes are slightly higher this morning on expectations for the Fed to cut interest rates by nearly three times in 2019 to support economic growth. The 10-year T-note yield today is down -3 bp to 2.02%, just above last week's 2-1/2 year low of 1.97%, which is supportive for stock prices. Also, stocks are seeing support from some optimism there will be some progress on resolving the U.S./China trade war after a senior Chinese trade official today said U.S. and Chinese trade teams are discussing their next steps, the first sign of a resumption of the talks that broke down in May. Today's economic data was mixed for stocks. The U.S. May Chicago Fed national activity index rose +0.43 to -0.05, stronger than expectations of +0.25 to -0.20, but the Jun Dallas Fed manufacturing activity index unexpectedly fell -6.8 to a 3-year low of -12.1, weaker than expectations of +3.3 to -2.0. Also, simmering tensions between the U.S. and Iran are negative for stocks after Iran's navy warned that another U.S. drone could be shot down if intrusions into its airspace continue. Meanwhile, President Trump warned that new sanctions against Iran could come as early as today. Weakness in European stocks is negative for U.S. equities with the Euro Stoxx 50 down -0.51% on economic concerns after the German Jun IFO business climate fell -0.5 to a 4-1/2 year low of 97.4. The VIX volatility index ($VIX) today is up +0.05 to 15.45% as it recovers from last Thursday's 1-1/2 month low of 13.19%. The VIX remains far below the 5-week high from June 3 of 19.75% and the early-May 5-1/2 month high of 23.38%.