Dudley: Fed Should Fight Trumps Tariff War

Published 08/29/2019, 01:26 AM
Chart-08-28-2019

Index Futures Net Changes and Settlements:

Index Futures Net Changes And Settlements

Foreign Markets, Fair Value and Volume:

  • In Asia 6 out of 11 markets closed lower: Shanghai Comp -0.29%, Hang Seng -0.19%, Nikkei +0.11%
  • In Europe 12 out of 13 markets are trading lower: CAC -0.95%, DAX -1.07%, FTSE -0.25%
  • Fair Value: S&P -0.13, NASDAQ +4.68, Dow -13.39
  • Total Volume: 1.51 million ESU & 526 SPU traded in the pit
  • *As of 7:00 a.m. CST

    S&P 500 Futures: Weak Price Action

    During Monday night’s Globex session, the S&P 500 futures printed a high at 2896.25, a low at 2869.25, and opened Tuesday’s regular trading hours (RTH) at 2895.25.

    After initially rallying to 2899.50 after the 8:30 CT bell, the ESU settled into a steady grind lower. The Russell 2000 fell 1.5%, overshadowing the other indices.

    Over the last several months there seems like there is some type of rotation going on, and yesterday it was buy the S&P and sell the Russell. Every time the ES and NQ upticked Russell made new lows.

    When the MiM reveal came out showing $433 million to sell MOC, the ES was trading at 2875.25, it would then go on to print 2868.00 on the 3:00 cash close, and 2866.00 on the 3:15 futures close, down -17.25 handles.

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