What’s Trending Now? February 4, 2019

What’s Trending Now? February 4, 2019

“Powell put”, strong corporate earnings, & optimistic trade talks add momentum to the equity rally. Our trend observations as of February 4, 2019.

By Justin Nuckols
Category: Economics & Markets

S&P 500: Stocks have rallied from their kiss on bear market territory, although macro risks remain in investors’ peripheral.


 

10-Year U.S. Treasury Notes: Recent price action in treasuries exhibited a rally on the Fed’s growingly dovish language.


 

U.S. Dollar: The absence of forecasted rate hikes from the Fed’s announcement added further weakness to the greenback.


 

Crude Oil: 2019’s second leading commodity, behind lumber, has continued its rally.


 

Gold: Trending higher, gold continues to reflect investors waning confidence in the near-term and expectations of a dovish Fed.