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

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.

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.

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

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

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