3-Month Eurodollar Dec '22 (GEZ22)
3-Month Eurodollar Futures Market News and Commentary
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.86%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.68%.
U.S. stock indexes Monday posted moderate gains. Bank stocks led the overall market higher Monday after JPMorgan Chase CEO Dimon said “storm clouds” over the U.S. economy may dissipate.
Signs of increased M&A activity were also positive for the overall market after Bloomberg News reported that Broadcom is in talks to acquire VMware. In addition, stocks rallied Monday on the prospects of easing global trade tensions after President Biden said he would reconsider the tariffs on Chinese imports imposed by the Trump administration.
A -4% decline in Autodesk Monday limited gains in the Nasdaq 100 after Deutsche Bank cut its recommendation on the stock. Concern that the pandemic in China may be spreading is negative for stocks as an increase in Covid infections... Read more
- The Impacts of Federal Reserve Policies on the Economy and Financial Markets
The Federal Reserve has effectively replaced the economic cycle with something vaguely reminiscent, but quite different, which is called the credit cycle....
- S&P Futures Show Speculation on End-Of-Day Gains
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.86%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.98%,...
- Stocks Have "A" Bottom
Actionable ideas and risk management for ES, NQ, RTY, rates, and more . . .
- Rally in Bank Stocks on Dimon Comments Boosts Market
What you need to know… The S&P 500 Index ($SPX ) (SPY ) this morning is up by +0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.12%, and...
- Premarket perspective for the S&P
Taking a look at futures view from Friday through the Sunday open
- US 10Y T-Note Weekly Forecast, May 23 - 27, 2022
The uptrend may be expected to continue, while pair is trading above support level 119’16, which will be followed by reaching resistance level 122’07...