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The More You Know…

News of note & exclusive market commentary

Nasdaq Futures Book 3 Consecutive Record Closes

By | July 7, 2020

micro e-mini nasdaq futures

Monday’s session marked the 3rd record high close in a row for Nasdaq futures and the 5th consecutive green close for S&P 500 futures. Tech giants including Microsoft, Tesla, Zoom, Nvidia and Adobe touched new all-time highs during yesterday’s trading.

Driven by a tech sector which has shown considerable resilience during the outbreak, recent economic data including a record job increase last month has also bolstered investor confidence. Although opening lower this morning, the Nasdaq continues to push forward.Read More

Natural Gas Futures Rally as Summer Heats Up

By | June 29, 2020

Natural Gas futures (NG) saw gains exceeding 11% Monday morning as bearish investors lightened their short positions and new longs stepped in. This comes after NG saw a 25-year price low late last week.

Last Thursday, a bulky storage injection plunged prices to new lows, shaking out what was thought to be the last remaining bulls. However, Friday’s session was unexpectedly calm with no follow through to the downside and low volatility.Read More

Volatility Spikes After 7% Dow Drop

By | June 12, 2020

Equity index futures are rebounding this morning after Wall Street’s worst day in three months. News of rising coronavirus cases has again stoked fear in the markets and recent comments by the Fed have also shaken trader confidence.

As businesses reopen in the US, a rising number of coronavirus cases has many investors concerned over how the situation might escalate. Additionally, the Federal Reserve warned of a possible long road to economic recovery on Wednesday, decelerating the bullish conviction seen early this month. Read More

Over 215M Micro E-mini Contracts Traded in First Year

By | June 8, 2020

In their first year of trading, Micro E-mini futures have transformed the landscape of equity index futures trading. Following their launch in May 2019, more than 215 million contracts were traded in 12 months marking the most successful product launch in the CME’s history.Read More

Equity Futures Rally on Reopening Optimism

By | May 26, 2020

Equity markets rallied Tuesday morning with hopes that the worst of the Covid-19 pandemic is over. As some of world’s largest economies begin to reopen and news of potential vaccines continues to circulate, investors seem optimistic about market recovery.

However, with US-China trade negotiations still hanging in the balance, is this market positivity substantiated?Read More

Dow Futures See Largest Gains Since Early April

By | May 19, 2020

Stock indexes had their best day in over a month on Monday with the Dow Jones Industrial Average closing 911.95 points higher. Both the Dow and S&P 500 saw their largest daily gains since April 6th as news of a potential coronavirus vaccine lifted market sentiment and all 3 major indexes accelerated their gains into yesterday’s close.

After biotech giant Moderna reported “positive” early-stage results for a developing Covid-19 vaccine, the Dow surged nearly 700 points at yesterday’s opening bell. While the idea of a vaccine is hopeful, some analysts wonder if the market’s reaction is overly optimistic. Read More

US Oil Market Sees Record Contango

By | April 21, 2020

Monday’s historic crash in the May contract of crude oil futures brought prices previously thought to be impossible. Negative prices meant traders taking delivery of crude oil in May would have to pay to get rid of it. However, the more than 100% decline in the May contract doesn’t tell the entire story, as the June contract traded down around 15%, remaining above $20 a barrel. So how does this happen? Read More

Oil Settles in Negative Territory for First Time Ever

By | April 21, 2020

Monday’s historic crash in crude oil dragged prices into negative territory for the first time in history. Previously thought to be impossible, the May contract for West Texas Intermediate (WTI) Oil futures closed at a mind-boggling -$37.63 a barrel.Read More

Jobs Preview: Full Impact Not Yet Seen

By | April 2, 2020

The ADP report indicated private sector jobs shrunk by only 27,000 in their report on Monday. While the market might interpret this as encouraging compared to the initial 6.6 million jobless claims, the full unemployment picture has not yet been revealed.Read More

Dow, S&P 500 Close Higher Two Days in a Row

By | March 26, 2020

For the first time since February 12th, Dow and S&P 500 futures saw gains for two consecutive sessions. While this is a positive signal for many traders, much of yesterday’s gains were pared before the close.

A major contributor to the 2-day rally, Boeing (BA) closed up 24% Tuesday, accounting for more than a third of the Dow’s advance. Conversely, although the Nasdaq was up as much as 2.7% yesterday, it fell behind the other indexes late in the day and finished lower.Read More