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Markets ran at two speeds today the consumer staples sector (-1.5%) was down the most, Phillip Morris International (PM 100.1, -6.10, -5.8%). Continue
[See the full post at: Market Wrap – No Fear for Market Bottom Pickers, Oil Bounces Hard May 19, 2022]Market Updates
S&P Futures vs Fair Value: +42.0
10 yr Note: 2.873%
USD/JPY: 128.19 +0.38
EUR/USD: 1.0577 -0.0009
Europe: FTSE: +1.7% DAX: +1.7% CAC: +1.1%
Asia: Hang Seng: +3.0% Shanghai: +1.6% Nikkei: +1.3%
Gold (1843.90 +2.70) Silver (22.02 +0.11) Crude (111.65 -0.56)Contrarian-minded buying interest in face of another week of large losses for the major indices
DJIA on track for eighth straight losing week
PBOC provides stimulus trigger by cutting five-year loan prime rate 15 basis points to 4.45%
Solid, upside moves in foreign equity markets lends supportive pre-market tone for U.S.
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