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The Bottom in Bonds?
The 30-year bond futures market has undergone notable shifts, commencing with a bottoming evident in late October. This trend has been significantly influenced by the unveiling of inflation figures, particularly the Consumer Price Index (CPI) and Producer Price Index (PPI) in November.
Stocks Try to Push Higher Ahead of Economic Data
Yields on the longer end of the curve are higher, and the CME FedWatch tool shows a 15% chance of a hike in December. Crude is catching a bid off of OPECs comments, and equity markets await economic data later this week. Chris Chavez, Market Strategist **** Auto transcribed **** Good afternoon traders. It’s Chris […]
Stocks Continue to Rally on Weak Jobs Data
Nonfarm Payrolls and the Unemployment Rate come in worse than expected, sending yields lower and bonds higher. Stocks are in positive territory for the 3rd straight day in November. TRANSCRIPTStocks are continuing to rally off of Treasury yields coming off their highs. So Treasury yields are continuing to slide here today. We got a lot […]
Broad Based Rally Continues
The bond market is rallying following Powell’s comments yesterday. Yields are sharply lower, and stocks are positive for the 2nd day in November. Apple reports after the bell, and markets will be watching Friday’s jobs data closely. **TRANSCRIPT** Good afternoon, traders. It’s Chris Chavez with the Blue Line Futures and it’s your daily midday market […]