At-a-Glance
Today’s Top Highlights
Markets across the board are seeing prices higher today looking at the precious metals, equities, crypto and energy futures to start of the week. There was significant news regarding conflict in Venezuela last week and over the weekend, and markets are broadly trading higher on the news. The precious metals are leading the surge higher with Silver trading up over 7%, while Gold traded up near 3% while Copper traded up near 5.5% on the day after seeing selling pressure to end last week from all time high levels. There was some economic data looking at manufacturing that came in worse than expected as well.
Outside of the precious metals, the equities saw broad upward momentum on the day with the S&P and Nasdaq trading up less than 1% while the Russell traded up nearly 2%. Fedwatch has seen little movement over the last few weeks, and is still pricing in another interest rate pause for the January meeting. With that said, there is a good amount of economic data coming out this week looking at unemployment and inflation that could add volatility to the markets are the Fed interest rate decision probabilities.
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