Reply To: Traders Market Weekly: Fear, Greed, War and Volatility

#73848
Truman
Participant

There is a negative bias in early trading after Israel conducted a limited military strike against Iran.

Contracts linked to the S&P 500, Nasdaq 100, and Dow Jones Industrial Average had been lower, but recovered somewhat as participants focused on the lack of major damage from the strike.

Oil prices initially spiked, sending WTI crude oil futures above $85.00/bbl, but prices quickly pulled back.

WTI crude oil futures are down 0.7% to $81.54/bbl, suggesting that the market doesn’t expect any major disruptions in oil supplies following the new developments in the Middle East.

Treasury yields are lower.
The 2-yr note yield is down two basis points to 4.97% and the 10-yr note yield is down five basis points to 4.60%.