The Fuse
What are futures doing?
Stocks are getting hit hard after yesterday’s surge higher, just another day in the life of an uncertain market. With the drama at NVIDIA being watched closely, there is no telling how big the impact may be, but the market is not waiting around for judgment.
News
Slight down move in the STOXX, small gains in Germany and France, the FTSE was flat. Gold is getting pounded, silver is also lower while crude is trying regain some ground. Yields are higher, the US 10 yr treasury up to 5.02%, also rising were yields in Germany. Japan down about 1%, also lower in Shanghai and Hong Kong.
Volatility
The VIX is higher this morning as selling in tech due to NVIDIA while oil prices are up, now Trump saying we don’t need to do a deal with Iran. The high level of uncertainty is going to keep traders on their toes for the foreseeable future.
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