Get a futures quote

Commentary for 1/25/2021

Altavest Daily Comments 01.25.21

At lease partly due to the pandemic, China surpassed the U.S. last year as the largest recipient of direct foreign investment. Asian markets were higher. The Nikkei 225 was up -0.67% and the Shanghai Composite rose +0.48%.
European markets remain near highs even with Europe in lockdown mode, but the DAX was down
-1.66%. 10-yr Bunds yield -0.552%.
There were no major economic reports scheduled for today.
10-Year Notes yield 1.033%. The March US$ Index edged +0.16% upwards to 90.360. April gold slipped -0.09% lower to $1,858.20. March crude oil bounced +1.03% to $52.81.
The World Economic Forum that is typically held in Davos, is being done virtually this year, so $45 hot dogs won’t make headlines this year.
There’s some bipartisan doubt over the size of the covid-19 stimulus proposal. There could be a reduction in the stimulus target, along with vaccine delays.
Ahead of the open, US equity futures rallied. The NQ surged to an ATH. Big tech earnings are due this week. On the open the ES edged higher, but within 30 minutes it began to rapidly plunge. A “V” bottom was made, with prices closing stronger.

View previous commentaries.

<January 2021>