At-a-Glance
Today’s Top Highlights
Markets saw lower volatility to wrap up the week and a big mix in price action across asset classes. Yesterday was the anticipated day of the week with a large amount of economic data being released, and today all we saw was the Chicago PMI report which came in significantly higher than expected, and markets had a mixed result. The equities were mixed with the S&P and Nasdaq trading slightly higher while the Russell traded about 0.5% lower on the day. Gold and Silver were mixed as well today as Gold had a nice day trading higher by about 1.3% while Silver saw a slight selloff to wrap up the week.
Looking at the energy markets, the selling pressure continued today for Crude Oil with prices again dropping by over 1%. Crude Oil had an aggressive run to the upside with the tensions in the Middle East over the last few months, but more recently the prices have come down significantly, and is not trading below its 50-day moving average on a daily basis as there is a potential for a deal. There has been heavy headline risk over the weekends during the conflict, so traders will be watching the headlines heading into the market open on Sunday night.
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