Traders Market Weekly: Instant Karma’s Gonna Get You

Viewing 15 posts - 1 through 15 (of 25 total)
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  • #34120
    TradersCom
    Keymaster

    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.

    #34121
    TradersCom
    Keymaster

    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.

    #34143
    Truman
    Participant

    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)

    #34144
    Truman
    Participant

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

    #34147

    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 ;)

    #34149

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

    #34151

    STATE OF UNION – 9pm EST tonight

    #34152

    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
    :(

    #34155

    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%

    #34156

    #34157
    Truman
    Participant

    Awesome Fat Tuesday posts – thank you.

    #34158
    Truman
    Participant

    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)

    #34159
    Truman
    Participant

    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.

    #34169

    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 :)

    #34178
    Truman
    Participant

    Thanks for sharing – awesome songs

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