Daily Market Commentary

February 5, 2019

Bonds
From cash Treasuries to futures to eurodollar options -- indications abound that conviction is in short supply. With the Federal Reserve in transition from hiking to pausing and no clear direction in market rates, investors and traders appear to expect narrow ranges to persist.

Economy
U.S. equity futures advanced on Tuesday, taking their cue from a rally in Europe after strong earnings from oil giant BP. The euro edged lower and the pound weakened.

Global
U.K. Consumer spending recovered slightly in January after a dismal holiday season, though British households are still wary because of Brexit.

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 sell.

 

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