[TradersCom]

Weekend keys:
Selected Russian banks removed from #SWIFT BUT banks involved in #energy NOT
Russian President Putin put #nuclear forces on alert
Russia central bank raised rates to 20% from 9.5%
EU closed airspace to Russian planes
Germany to increase defense spending
BP sold its 20% stake in Rosneft.
Negotiators from Russia and Ukraine are meeting today.

[TradersCom]

Shares of Chinese payment processors rallied after officials from the U.S. and EU agreed to block some Russian banks from the SWIFT payment system.
A researcher from China’s Everbright Bank said that the liquidity in the financial system is expected to remain ample in March.
Some Chinese state-run banks have reportedly lowered their minimum down payment requirement for first time buyers to 20% from 30%.
The South Korean government will stop enforcing the use of vaccine passports tomorrow.

[Truman]

S&P Futures vs Fair Value: -35
10 yr Note: 1.80%
USD/JPY: 114.78 -0.21
EUR/USD: 1.1182 -0.00037
Europe: FTSE -1.0% DAX -2.5% CAC -2.5%
Asia: Hang Seng +0.2% Shanghai +0.8% Nikkei +1.2%
Gold (1918.80 +17.90) Silver (24.56 +0.19) Crude (98.90 +3.18)

[Truman]

Interesting how the market wants to disregard all the risk – blinkered

[CautiousInvestor]

Dow 33,892.60 -166.15 -0.49%
S&P 500 4,373.94 -10.71 -0.24%
Nasdaq 13,751.40 56.77 0.41%
GlobalDow 4,027.49 -22.92 -0.57%
Gold 1,919.80 19.10 1.00%
Oil 99.74 4.02 4.20%

Beware of all those SMILING FACES on WALL & “K” street as STATE of UNION on the way 😉

• This reply was modified 1 year ago by CautiousInvestor.

[CautiousInvestor]

Happy FAT TUESDAY to all as it will be Marti Gras time in New Orleans

• This reply was modified 1 year ago by CautiousInvestor.

[CautiousInvestor]

STATE OF UNION – 9pm EST tonight

[CautiousInvestor]

OIL = $105 …. as “Mama hated diesels” & so do the progressives unfortunately

ohhhh the humanity — Inflation will spike even further
DOW = -666 as unfortunately war is intensifying 🙁

• This reply was modified 1 year ago by CautiousInvestor.
• This reply was modified 1 year ago by CautiousInvestor.

[CautiousInvestor]

Dow 33,294.95 -597.65 -1.76%
S&P 500 4,306.26 -67.68 -1.55%
Nasdaq 13,532.46 -218.94 -1.59%
GlobalDow 3,970.00 -80.41 -1.99%
Gold 1,947.60 46.90 2.47%
Oil 106.34 10.62 11.09%

[CautiousInvestor]

[Truman]

Awesome Fat Tuesday posts – thank you.

[Truman]

S&P Futures vs Fair Value: +26
10 yr Note: 1.75%
USD/JPY: 115.23 +0.34
EUR/USD: 1.1091 -0.00034
Europe: FTSE +0.7% DAX +0.4% CAC +0.5%
Asia: Hang Seng -1.8% Shanghai -0.1% Nikkei -1.7%
Gold (1935.90 -7.90) Silver (25.16 -0.38) Crude (109.15 +5.74)

[Truman]

US equity futures are higher this morning. President Biden gave his State of the Union address where he focused heavily on the Ukraine-Russia conflict, emphasizing that NATO is united. President Biden also spoke about inflation, supply chains, and coronavirus. Fed Chairman Jerome Powell will give his semiannual testimony to Congress today where investors will be looking for any clues regarding the speed of interest rate hikes.

Asia markets were lower. Russia’s invasion of Ukraine has entered day 7. Tensions worsened as Russian forces attacked civilian areas in Ukraine and Russia’s defense ministry warned of missile strikes on Ukrainian intelligence and communications facilities in Kyiv. Satellites images of a 40-mile long convoy of Russian military vehicles approaching Kyiv were especially unnerving for the market.

In Europe, markets were lower. Germany’s February unemployment rate stands at 5.0% versus 5.1% prior.

[CautiousInvestor]

Dow 33,891.35 596.40 1.79%
S&P 500 4,386.54 80.28 1.86%
Nasdaq 13,752.02 219.56 1.62%
GlobalDow 4,010.32 37.89 0.95%
Gold 1,929.60 -14.20 -0.73%
Oil 111.11 7.70

Some great TEXAS music from one of best piano players all time 🙂

• This reply was modified 1 year ago by CautiousInvestor.

[Truman]

Thanks for sharing – awesome songs

[Author]

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