What’s Trending Now? No.08

What’s Trending Now? No.08

Rising oil prices, newly announced tariffs, and Eurozone uncertainty. Our trend observations as of June 4, 2018.

By Justin Nuckols
Category: Economics & Markets
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S&P 500: U.S. equities continue the 2018 risk-on trend in the wake of Eurozone unrest, the upcoming Fed meeting, and renewed fears of trade wars.

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10-Year U.S. Treasury Notes: Yields were pushed lower last week as investors fled to the risk-free asset amid a potential Italian debt crisis.

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U.S. Dollar: Resurgence in the U.S. currency hits the highest level in 2018 and strongest since last November.

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Crude Oil: Uptrend in the leading commodity are being challenged but remain intact.

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Gold: The negative correlation between gold and the U.S. dollar has remained alive while geopolitical risks persist this year.