The Fuse
Equity futures are up strong this morning as volatility continues to ease. Today starts April as the front month on the vix futures term structure and now they are closer to getting back to contango (upward sloping). Fed decision today with a press conference to follow by Chair Powell.
Stocks are rallying this morning after markets rose overnight across the globe. In Europe the STOXX was higher by .5% led by strong gains in France and Germany, the FTSE gained .3%. Gold is down and breaking 5K per ounce, silver slightly lower. Crude oil is down modestly and looks headed to test the mid 80’s again. In Japan stocks rose sharply, up 2.9%, Hong Kong up .6% and Shanghai also up .3%. Yields fell 2bps both in Germany and US 10 yr treasury.
If you are an existing Market Blast or Trader’s Pass member, log in here:
