Heres A Super Quick Guide To What Traders Are Talking About

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York

Here’s Lutz:

Good Morning! We have a heavy volume session ahead of us, with the “Quad Witch” (expiration of stock options, index options, index futures and single stock futures), S&P and Nasdaq Rebalances, and it’s SPDR Ex-Divvy Day, including SPY, QQQ, XOP, XBI, and all the “XL” ETFs. Tax Angst (Smells like normal DC Positioning to me, but we’ll see) from yesterday being shrugged off early, with Russell rebounding 40bp from yesterday’s selloff. Continental Europe all under pressure, with Consumer getting whacked on H&M and Ferragamo headers, while Fins and Tech see selling – pressing the DAX down 30bp. FTSE is outperforming into their rebalance on the close, with weakness in Banks being offset by a nice pop in Miners. In Asia, Nikkei down 60bp for 4 straight as Yen broke higher and Telecom got smoked as DB downgrades KDDI – Hang Seng lost 1.1% despite the pop in Li&Fung as Tech weakened – Shanghai 80bp as Chinese banks got hit on the PBoC Hike – KOSPI added 50bp, while Aussie off 25bp as banks continued to see selling

The US 10YY is basically unch, but eyes are on Bund Yields trying to hold 30bp, while Portugal’s yields are dropping quick ahead of a Fitch Review. DXY has a slight bid, with Euro drifting around $1.18, but the Pound is struggling to hold $1.34 – The $/Y approaching 112 as Tankan shows confidence at 11Y highs, while the Lira trying to claw back from yesterday’s smash. Ore was up 2% in China, and Nickel is up 1% and Copper 30bp. Gold adding to yesterday’s gains early, adding 30bp. Focus remains on the Energy Complex, as the Forties Pipe Outage and Iran Angst continue to support WTI and Brent despite headers of increasing production.

Good Morning! We have a heavy volume session ahead of us, with the “Quad Witch” (expiration of stock options, index options, index futures and single stock futures), S&P and Nasdaq Rebalances, and it’s SPDR Ex-Divvy Day, including SPY, QQQ, XOP, XBI, and all the “XL” ETFs. Tax Angst (Smells like normal DC Positioning to me, but we’ll see) from yesterday being shrugged off early, with Russell rebounding 40bp from yesterday’s selloff. Continental Europe all under pressure, with Consumer getting whacked on H&M and Ferragamo headers, while Fins and Tech see selling – pressing the DAX down 30bp. FTSE is outperforming into their rebalance on the close, with weakness in Banks being offset by a nice pop in Miners. In Asia, Nikkei down 60bp for 4 straight as Yen broke higher and Telecom got smoked as DB downgrades KDDI – Hang Seng lost 1.1% despite the pop in Li&Fung as Tech weakened – Shanghai 80bp as Chinese banks got hit on the PBoC Hike – KOSPI added 50bp, while Aussie off 25bp as banks continued to see selling

The US 10YY is basically unch, but eyes are on Bund Yields trying to hold 30bp, while Portugal’s yields are dropping quick ahead of a Fitch Review. DXY has a slight bid, with Euro drifting around $1.18, but the Pound is struggling to hold $1.34 – The $/Y approaching 112 as Tankan shows confidence at 11Y highs, while the Lira trying to claw back from yesterday’s smash. Ore was up 2% in China, and Nickel is up 1% and Copper 30bp. Gold adding to yesterday’s gains early, adding 30bp. Focus remains on the Energy Complex, as the Forties Pipe Outage and Iran Angst continue to support WTI and Brent despite headers of increasing production.

Here are the 10 things you need to know today.

Source: Business Insider SG

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

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Heres A Super Quick Guide To What Traders Are Talking About

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Heres A Super Quick Guide To What Traders Are Talking About

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Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

Heres A Super Quick Guide To What Traders Are Talking About

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Reuters

trader NYSE

Dave Lutz, head of ETFs at JonesTrading, has an overview of markets this Thursday:

Here’s Lutz:

Morning – Spoos adding to best session in 2 months, while Nasdaq starting in the red again, with FANG and Semis marked slightly lower. US Banks Jumping as CCAR unleashes greater Divvies and Buybacks than expected. BAC and C up 3%. US Fin sentiment has Banks higher across Europe, but most exchanges are deep in the red as currencies rip higher against the Dollar. DAX is off 40bp as Tech and Discretionary retreat. Volumes are pacing average. FTSE acting a bit better, in the green as the Miners join Banks in rally mode. All about Fins in Asia – TOPIX climbs 60bp – Hong Kong jumped 1% as the “crash stocks” from Monday rebounded- Aussie jumps 1% as Banks ripped higher – KOSPI up 60bp to fresh records

Global government bond prices continue to weaken, driving German and US 10YYs higher. Eyes on the DXY taking out November 8th Lows – Sterling thru $1.30 as Haldane joins Carney in Hawk-Speak – Euro higher as German Inflation comes in better, and Almost Every Asian Currency made gains overnight. Commodities all loving the Greenback, and Ore leapt 4.3% in China, which has Copper up nearly 1% early, but Gold is NOT participating despite the Greenback Tailwinds. Energy all higher – WTI still going, getting upside $45

Morning – Spoos adding to best session in 2 months, while Nasdaq starting in the red again, with FANG and Semis marked slightly lower. US Banks Jumping as CCAR unleashes greater Divvies and Buybacks than expected. BAC and C up 3%. US Fin sentiment has Banks higher across Europe, but most exchanges are deep in the red as currencies rip higher against the Dollar. DAX is off 40bp as Tech and Discretionary retreat. Volumes are pacing average. FTSE acting a bit better, in the green as the Miners join Banks in rally mode. All about Fins in Asia – TOPIX climbs 60bp – Hong Kong jumped 1% as the “crash stocks” from Monday rebounded- Aussie jumps 1% as Banks ripped higher – KOSPI up 60bp to fresh records

Global government bond prices continue to weaken, driving German and US 10YYs higher. Eyes on the DXY taking out November 8th Lows – Sterling thru $1.30 as Haldane joins Carney in Hawk-Speak – Euro higher as German Inflation comes in better, and Almost Every Asian Currency made gains overnight. Commodities all loving the Greenback, and Ore leapt 4.3% in China, which has Copper up nearly 1% early, but Gold is NOT participating despite the Greenback Tailwinds. Energy all higher – WTI still going, getting upside $45

Get the latest Oil WTI price here.

Source: Business Insider SG

Heres A Super Quick Guide To What Traders Are Talking About

REUTERS/Lucas Jackson

Traders work on the floor of the New York Stock Exchange (NYSE) as the market closes in New York, U.S., October 3, 2016.

Dave Lutz, head of ETFs at JonesTrading, has an overview of markets this Wednesday:

  • Tech could continue its decline today. FAANG, AMD and Nvidia shares are all down premarket.
  • Most of the European markets are in the red this morning.
  • The euro is at its 2017 highs while the dollar sinks to its lowest since Trump’s election.
  • Oil is under pressure as American Petroleum Institute supply data came in higher than expected.

Here’s Lutz:

Good Morning! US Futures are mixed, with Russell climbing 25bp, but Tech looks to continue yesterday’s sloppy action. Nasdaq under small pressure, remaining under the 50d, with FAANG, AMD and NVDA all in the red early. It’s pretty much a sea of red in Europe, where the DAX is down 50bp – Exporters lagging all across Europe and UK, while EU’s Tech Sector has dropped 1.6%. FTSE performing a touch better, with a rally in Consumer and Miners keeping the FTSE green. Technology Weakness led declines across Asia – Nikkei lost 50bp, but Insurers loved the higher sov yields – Shanghai lost 50bp – Hang Seng lost 60bp – Aussie bucked the trend, climbing 70bp as Miners and Banks rallied

Dollar nearing Election-night lows as Euro hits 2017 highs as peeps positon for start of ECB tapering – Bunds still under pressure, up another 2bp this AM, after climbing 11bp yesterday, that is pressing the US 10YY sharply higher the last 2 sessions, currently nearing 2.25%. The Curve is steepening as well, so that may add some upside to the Banks ahead of CCAR later today. DXY weakness is broad-based, with Sterling back over $1.28 – Commodity Currencies acting well, with Canadian and Aussie Dollars rallying with commodities. Ore jumped another 3% overnight, bringing 2day gains to near 9%, but Copper and Zinc under pressure early. WTI and Brent under slight pressure as API data showed a much bigger build than anticipated.

Good Morning! US Futures are mixed, with Russell climbing 25bp, but Tech looks to continue yesterday’s sloppy action. Nasdaq under small pressure, remaining under the 50d, with FAANG, AMD and NVDA all in the red early. It’s pretty much a sea of red in Europe, where the DAX is down 50bp – Exporters lagging all across Europe and UK, while EU’s Tech Sector has dropped 1.6%. FTSE performing a touch better, with a rally in Consumer and Miners keeping the FTSE green. Technology Weakness led declines across Asia – Nikkei lost 50bp, but Insurers loved the higher sov yields – Shanghai lost 50bp – Hang Seng lost 60bp – Aussie bucked the trend, climbing 70bp as Miners and Banks rallied

Dollar nearing Election-night lows as Euro hits 2017 highs as peeps positon for start of ECB tapering – Bunds still under pressure, up another 2bp this AM, after climbing 11bp yesterday, that is pressing the US 10YY sharply higher the last 2 sessions, currently nearing 2.25%. The Curve is steepening as well, so that may add some upside to the Banks ahead of CCAR later today. DXY weakness is broad-based, with Sterling back over $1.28 – Commodity Currencies acting well, with Canadian and Aussie Dollars rallying with commodities. Ore jumped another 3% overnight, bringing 2day gains to near 9%, but Copper and Zinc under pressure early. WTI and Brent under slight pressure as API data showed a much bigger build than anticipated.

Get the latest Oil WTI price here.

Source: Business Insider SG

Here’s A Super-quick Guide To What Traders Are Talking About Right Now

REUTERS/Lucas Jackson

Dave Lutz, head of Exchange Traded Funds at JonesTrading, has a quick overview of what traders are watching on the first trading day of the year:

  • US stock futures are jumping. Lutz says it’s partly a re-ignition of post-election trades as Congress gets back to work. The Dow still hasn’t hit the round-number milestone of 20,000.
  • Also, Chinese and UK manufacturing data was stronger than expected. The Australian dollar is stronger on the Chinese data, while the Turkish lira has dropped to a record low.

Here’s Lutz:

Good Morning, and a belated Happy New Year! US Equity Futures are leaping, with Russell up 1.3% and Spoos 80bp better as a Massive rotation from Sovs into Equities has Post-Election Trades re-igniting as Congress Convenes and Global PMIs are coming in better. Sea of Green over in Europe, where the DAX is up small, but the Periphery is adding 50-90bp. The EU Banks jumping 1.3% higher, but Tech names are under pressure as CES kicks off in Vegas. Miners and Banks leading London higher, helping the FTSE hit Fresh record highs. The Only markets across the continent under pressure are Israel (Netanyahu Headers), Turkey (ISIS attack) and Finland. In Asia, China was up 1%, Aussie jumps to 19month highs as the Miners rallied, while Japan closed for Holiday. EM Asia started 2017 mixed.

Global Manufacturing data and stronger German Inflation have Sov Yields jumping (US 10Y thru 2.5% again) and combined with Oil’s move has Heavy Steepener Trades going thru in America, a huge tailwind for US Fins. The DXY is on fire, jumping back toward 14year peaks as $/Y lurches towards 120 and the Parity magnet with the Euro grows stronger. Commodity currencies like the A$ rallying tho on Chinese PMIs, while that Turkish lira hits another fresh record low. Despite Ore dropping to 8week lows, Copper is up – joining other industrial metals like Nickel and Platinum up over 1% despite the ripping $ that weighs on Gold. China data and Kuwait Production Cut has Oil jumping 2%+ to 18month peaks, but Natty Gas is getting smoked for 6% – Huge Warming Trend predicted for Mid-January.

Ahead of us today, we get Markit US Manufacturing PMI at 9:45, right when the ECB Publishes Weekly, Monthly QE Portfolio details. 9:50 brings Bank of England Bond-Buying Operation Results, just before the 10am release of the US ISM Manufacturing and Construction Spending details. Quiet otherwise as we await NFP later this week – but look for headers from Washington to be heavy as the 115th Congress convenes today.

Source: Business Insider SG