The Fuse
What are futures doing?
Some follow-on buying after some bargain hunters got busy late in the session. ES futures up nicely but seeing more robust action in Nasdaq, which has been quite volatile of late. So far very positive this week but there are roadblocks ahead.
News
Solid gains in Europe with STOXX up .6% led by modest wins in France and Germany. Bund yields were flat but the US 10 yr treasury rose to nearly 5% again. Gold is rallying along with silver and crude. Good gains across the board in Asia, Japan up 1.3% with Hong Kong higher by nearly 1%, Shanghai gained .6%.
Volatility
Another dip for volatility as the VIX sellers remain active. With another finish below 20% the bulls are trying to regain control, and may have a leg up now.
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