Daily Market Commentary

April 13, 2018

Bonds
For the U.S. to borrow cheaply as it boosts borrowing, it’s going to need overseas investors to step up at its debt auctions. The early indication from this week’s $64 billion slate is that those buyers may be turning
skittish.

Economy
S&P futures are pushing to session highs after JPMorgan (+0.5% premarket) reports a beat, giving more fuel to the bulls who have been waiting for a breakout from the recent range of 2,590-2,660.

Global
OPEC is on the verge of “mission accomplished” in its quest to clear the global oil glut that caused the industry downturn.Less than 10% of the surplus remains, as OPEC and its partners have cut production by more than they intended while demand soars, said the agency.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

 

Today, Tomorrow, Together