Unconfirmed Is Not Necessarily a Negative
May 31, 2022 Good morning, Overnight Futures began their Sunday night session in the green, perhaps a carryover from last week’s strong equity market rebound (S&P 500 was +6.58% on the week). However, as Europe opened for trading, the world was reminded that inflation is not simply a U.S. issue. Eurozone CPI surged to an […]
A Bottoming Process
May 27, 2022 Good morning, Fridays before a 3-day holiday weekend are often quiet affairs for markets. The overnight trading session for U.S. Futures was true to form then – a very quiet affair (Futures +0 to 20bps before the open). With trading desks lightly covered by only the lowest tenured and interns – today […]