Closing Recap U.S. equity futures are opening the week on a cautious, recalibrating note following Friday’s surprisingly soft September Nonfarm Payrolls report, which added just 29,000 jobs and pushed the unemployment rate to 4.2%. The dollar extended its relentless rally, pushing the euro to a 17-month low of $1.1160 and the DXY to 102.48, its…

Closing Recap Global markets are treading water ahead of the most consequential U.S. jobs report in months, with investors frozen in a state of suspended animation as they await the September nonfarm payrolls release at 12:30 GMT. U.S. equity futures pointed to a flat open, with S&P 500 futures hovering near 7,670 and Nasdaq 100…

Closing Recap September ended with a stark reversal of the week’s dominant narrative, as a surprisingly soft Core PCE inflation report crushed Fed rate-hike expectations and briefly ignited a relief rally across risk assets – before surging long-end Treasury yields snuffed out the gains. The Dow Jones Industrial Average slid 0.86% to 50,906.05, while the…

Closing Recap U.S. equity futures are navigating the final trading session of the month and quarter, a period historically prone to flow-driven volatility and mechanical rebalancing. Gold has managed to claw back some of its brutal early-week losses, stabilizing after tumbling nearly 4% earlier in the week, though it remains firmly in the red for…

Closing Recap U.S. equity futures are navigating a treacherous macroeconomic crosscurrent on Tuesday as the “rates trade” violently punishes non-yielding assets. Gold suffered its most brutal single-day rout in months on Tuesday, plunging nearly 4% to break below $4,110 per ounce as a toxic combination of surging real yields, a soaring dollar, and the collapse…

Closing Recap Global markets opened the final week of September on a decidedly risk-off footing, with gold suffering its most violent single-day selloff in months, sliding over $115 to break below the critical $4,200 support level as a relentless surge in Treasury yields and a rebounding dollar crushed the precious metals complex. Spot gold tumbled…

Closing Recap U.S. equity futures are holding their ground on Friday as the market navigates the final trading session of a volatile week, balancing resilient domestic data against a stark warning from the bond market. While the S&P 500 and Nasdaq flirt with all-time highs, bolstered by BCA Research’s historical precedent that equities gain during…

Closing Recap Wall Street closed sharply lower on Wednesday in a session defined by a violent squeeze in the bond market, as an unexpectedly strong U.S. economic report sent the 10-year Treasury yield surging to 5.11% – its highest level since 2007 – and crushed rate-sensitive growth stocks. The Dow Jones Industrial Average fell 352.10…

Closing Recap Global markets entered the London session on Wednesday navigating a complex cross-current of diplomatic optimism and hawkish central bank reality, with risk assets broadly firmer as oil’s dramatic six-day slide and a landmark U.S.-Iran diplomatic breakthrough at the UN General Assembly reshaped the geopolitical landscape. U.S. equity futures pointed to a modestly higher…

Closing Recap U.S. equities skyrocketed on Monday, adding over $1 trillion in market capitalization as the Nasdaq surged 1.88% to within a hair’s breadth of its all-time high, while the S&P 500 closed just 1% shy of its record peak. This spectacular risk-on melt-up was fueled by resilient consumer data and the unstoppable momentum of…