At-a-Glance
Today’s Top Highlights
The equity and precious metals markets are seeing selling pressure today broadly with the equities seeing a slightly sharper selloff. The S&P, Nasdaq, and Russell all traded lower by over 1% today led by the Russell trading down near 1.7% on the day. Looking at economic data, Initial Jobless Claims came in better than expected today, but the equities still saw selling pressure, which has been common since the top from January. These markets remain out above the 200-day moving average still, which has acted as a floor point for these markets since May of 2025.
Gold and Silver also saw selling pressure today as the Dollar traded higher again today, and has been slowly climbing over the last few weeks after seeing a bottom at the beginning of February. Gold has held steady relative to the other metals markets as it is trading well out above its 50-day moving average on a daily basis while Silver and Copper are bouncing back and forth at that level. Tomorrow, we will see key data released looking at GDP, Core PCE and JOLTs, which could add some volatility headed into the weekend.
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