The Fuse
What are futures doing?
Stocks are trying to get some footing today, the last. trading session in September and the third quarter. Many bulls are hopeful that some interest and participation will show up in October. This is normally a pretty bullish month and period for markets, strikingly indicators are bearish but the indices are close to new highs. Confounding. Futures mixed to lower this am..
News
Flat market in Europe as the STOXX went nowhere, though we saw weakness in France and Germany. The US dollar traded modestly lower, gold is trying rally back, silver is down but crude oil is higher. In Asia, Japan’s Nikkei was slammed, down 2% while Shanghai was higher and Hong Kong lower. German bund yields down about 3bps, 10 yr US treasury yields still hovering above 5.2%.
Volatility
The VIX is slightly higher this morning but remains buried in the mid teens. Seems not many are worried about any downside action here and that still has us concerned.
If you are an existing Market Blast or Trader’s Pass member, log in here:
