At-a-Glance
Today’s Top Highlights
Markets are seeing a nice mix of positive and negative moves on the day today, with the equity and precious metals markets broadly trading lower. The Russell led the equities lower trading down near 0.7% while the Gold and Silver market were lower by over 1% each on the day. Both of these markets have been making strong moves to the upside over the last few weeks, and seeing days like today coming from all time highs can be expected. New Home Sales reporting came out today and came in significantly higher than expected at 800k, which was the highest number seen since February of 2022.
Outside of these markets, Copper saw a strong move higher trading almost 4% higher on the day due to disruptions at a major copper mine, and Crude Oil traded over 2% higher after a better than expected Crude Inventories report was released today. There is a strong slate of data being released tomorrow looking at Durable Goods and GDP, which could play a big role in the potential futures interest rate cuts for the remainder of the year from the Fed.
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