Reply To: Traders Market Weekly: Brand New Year, what is Ahead?

#69553
Truman
Participant

S&P 500 futures are down one point and are trading fractionally below fair value,
Nasdaq 100 futures are down six points and are trading fractionally below fair value
Dow Jones Industrial Average futures are down nine points and are trading fractionally below fair value.

Participation will be light again on this final trading day of 2023. The market is proceeding carefully with the S&P 500 just below its all-time high (4,796.56), but the major indices are still on pace to register a ninth consecutive week of gains.

2-yr note yield is up one basis point from yesterday at 4.30%
10-yr note yield is up four basis points to 3.89%.

Oil prices are trying to bounce after sliding yesterday. WTI crude oil futures are up 0.5% to $72.09/bbl.

Today’s economic data is limited to the Chicago PMI for December (consensus 50.0; prior 55.8) at 9:45 a.m. ET.