At-a-Glance
Key Takeaways with Craig
The equity indices saw some back and forth price action today, and the S&P, Nasdaq and Russell all finished the session slightly higher near unchanged. While equities saw slight gains, the precious metals and energy markets saw some selling with Gold trading lower after 3 consecutive days with a higher high and the selling pressure in Crude continued this week being down near 1%. The mover of the session was the Crypto futures market, where Bitcoin hit another new all time high price while Solano, XRP, and Ether all traded higher.
The economic data slate today showed a better than expected report for Initial Jobless Claims and PMI data, and tomorrow we will wrap up the week looking at new home sales data which could add some volatility headed into the long weekend. While speaking about crypto, the CME Group launched XRP Futures this week, expanding the Crypto asset class offering. The contract size for this product is 50,000 XRP and is now live. The expansion of the crypto products offers an even more diverse set of assets in the crypto markets.
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