In the 7:00pm hour PST the President has sent out a new tweet that reverses some of his earlier tweet today on ending stimulus talks. The President tweeted: “The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billon for Small Business. Both of these will be fully paid … Continue reading
At 7:00 Pm PST, U.S. market equity futures are down -.7 to -1%, Dollar Gaining, Euro Futures down -.5 to -.8%, Asian Markets down -.5 to -1%, Oil down -.7%, Gold -.6%. That leaves market beta at 1 now which means everything is correlating together… down.
At 10:50 PST the S&P 500 is trading in the futures market at all time highs of 3501.25
U.S. Says “Both Sides See Progress” On Phase 1 With China. Market Futures are currently up a quarter percent
Gold continues its correction from extremely overbought conditions / this as real rates ticked slightly up to now have “less real negative rates” Now at $1894.30 a Troy Ounce in futures contract trading at 7:15pm PST
The May 20 contract expires today for Oil which has caused Oil today to fall and settle at negative to -$37.63 a barrel down over 200%. The June contract which start Wednesday is around $21 a barrel which is causing a huge contango spread. ~Updated as fell even more while just posting alert~
The stock of Tesla (TSLA) gains 11% in todays trading session on news they are producing all Chinese Model 3s in China therefore not having to pay import tax.
After the Trump Administration announced a further $200 Billion in Tariffs on China and possibly an additional $200 Billion if China retaliates with tariffs on the US, Global Markets have fallen in futures trading. Asia Markets are lower in cash trading. The US Market Futures are all down around 1% at 9:00pm (PST). The implied open for DOW is down … Continue reading
Bitcoin under US Justice Department investigation, criminal probe into traders, for price manipulation
Markets worldwide are under pressure due to the developing trade war. China strikes back with tariffs and we have further White House shakeups ahead of key talks with North Korea. USA Index Futures (11:00pm PST): DOW down -178 points (-0.74%) at 23,785 S&P 500 down -16.75 points (-0.63%) at 2,626.50 NASDAQ down 67.75 points (-1.01%) … Continue reading
