[TradersCom]

Natural gas hit a high of in the front month of $9.399 the highest since 2008 with worries that fragile supplies may prove inadequate to meet summer c
[See the full post at: Market Wrap – Natural Gas on Fire Fuels Energy Stock Rally May 25, 2022]

[Truman]

Market Updates

S&P Futures vs Fair Value: +8.0
10 yr Note: 2.722%
USD/JPY: 126.64 -0.63
EUR/USD: 1.0685 +0.0004
Europe: FTSE: -0.1% DAX: +0.3% CAC: +0.3%
Asia: Hang Seng: -0.3% Shanghai: +0.5% Nikkei: -0.3%
Gold (1844.80 -1.50) Silver (21.79 -0.08) Crude (110.97 +0.62)

[Truman]

Early Morning:

S&P 500 futures are 0.6% above fair value;
Nasdaq 100 futures are 0.2% above fair value;
Dow Jones Industrial Average futures are 0.7% above fair value.

Key factors driving the futures market:

Turnaround optimism as multiple retailers check in with better-than-expected/better-than-feared earnings news and guidance
Shanghai officials point to prospect of lockdowns ending next week
NVIDIA (NVDA) and Snowflake (SNOW) fail to live up to heightened expectations and create a drag for growth stocks
WTI crude futures +0.7% to 111.14; wheat futures -1.5% to $11.31/bu; nat gas futures +1.0% to $9.08/mmbtu
10-yr note yield -1 bp to 2.74%; 2-yr note yield -4 bps to 2.46%

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