10/22 Trading futures Update - PMs-Down, S&P500-Up, Crypto-Mixed
As we open trading on this Tuesday morning, we see the US markets always going up again. Looks like the same risk-off naritive. Trade talk going well works again, stawks up. Bank bailouts happening behind closed doors, nothing new. Algos in control as all indexes holding the mythical 3000 in the S&P, 8000 in the Nasdaq, and 28000 in the DOW, even with Boeing giving back over 300 Dow points.
Precious metals went up in early trading until mid-morning, then went back to flat. USD hanging on the 97.002. Brit pound climbing to 1.30, so the USD is under pressure.
S&P is going up, no matter how bad the news. Fair value is at -0.58, a slight positive to the open. Apple at record highs, a return of the FANGS going nuclear.
Crypto can't find any direction, either way. Tether moves to #5. Steem at #80, priced under 14 cents at 0.1389.
Keep stacking. Go get you some.
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