Reply To: Traders Market Weekly: it’s a Mad, Mad World of Political Uncertainty


There is much talk this morning about last night’s presidential debate.

Politico reports that Democrats are actively considering replacing President Biden on the Democratic ticket after his debate performance.

Stock futures indicate a modestly higher open, but things will be subject to change (for better or worse) following the 8:30 a.m. ET release of the May Personal Income and Spending Report, which contains the Fed’s preferred inflation gauges in the PCE Price Index and Core-PCE Price Index.

The 2-yr note yield is unchanged at 4.72% and the 10-yr note yield is up one basis point to 4.30%.

U.S. Dollar Index is down 0.1% to 105.93. The yen is little changed against the dollar but continues to trade near a 38-year low against the greenback with talk heating up about possible intervention from Japanese authorities.