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The start of the new trading week finds oil contracts in rally mode with WTI up 6.5% and regaining $80.00/bbl, while Brent is up 6.3% and trading just below $85.00/bbl. Over the weekend, OPEC+ announced a surprise production cut of
Shrugging off US index declines of 0.1% to 0.4% from what was mostly a flat day of digestion on Tuesday, US index futures are up 0.75% to 0.90% today with NASDAQ futures leading the charge. Overseas markets rallied overnight with
The positive response from investors to Fed Chair Powell’s speech where he recognized inflation pressures are easing but indicated the Fed is continuing its fight to get inflation under control, which sparked a rally in North American markets yesterday, has
Even with US exchanges closed for the Memorial Day holiday, the new trading week is off to a positive start. Building on Friday’s gains of 1.75% to 3.33% for US indices, US index futures are up 0.3% to 1.0% with
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