The coronavirus pandemic is a virus that is not only infecting our personal health, but our financial health as well. We are currently living in a state of flux with news coming out seemingly by the minute changing short and long-term outlook on our lives and financial well-being. RJO Futures has created this resource for you to check-in to stay on top of all this unpredictability and protect your financial well-being the best you can. On top of the numerous resources below, our knowledgeable RJO Futures Brokers are also eager to help you navigate the futures markets during these uncertain times. Please do not hesitate to reach out with any questions. And from everybody at RJO Futures, we wish you safety and health during these trying times.
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Futures Market Insight and Coronavirus Resources
RJO FuturesCast Blogs on Coronavirus
- Increase in Covid Cases/Decrease in Cocoa Demand – (7/1/2020) As the world, especially in the United States, sees an increase in Covid cases some commodity prices are weakening. Cocoa had a small rally but failed to trade and hold above 2400 in the September contract.
- RBOB Gasoline and the Coronavirus – (5/15/2020) I am not at all surprised by the recent strength in the gasoline futures market. In fact, I expected this type of market action as the gasoline oversupply fundamental should quickly balance as the economy begins to re-open
- COVID 19 Pandemic and Commodity Prices -(4/15/2020) No doubt the coronavirus pandemic has destroyed demand for commodities. But out of crisis comes opportunity! There are several very good long-term opportunities developing during this COVID 19 pandemic.
- Stocks Jump on Positive Coronavirus News – (4/14/2020) Stock futures jumped early this morning on a bit of coronavirus related optimism. Government stimulus checks have started to hit American bank accounts, and early earnings reports provided some good news.
- Stocks Down, Coronavirus Potentially Heading Towards Plateau – (4/13/2020) After the S&P 500 boasted its largest weekly percentage increase since 1974 last week, stocks fell early Monday morning. Perhaps prefacing what’s to come as we begin corporate earnings season.
- Coronavirus Still Controls Cocoa Trade, Demand Concerns Deepen – (4/08/2020) Although the May cocoa contract appears to have made the turn higher, it may be short-lived. After a few weeks of consolidation during the recent volatility, the May futures contract has turned higher trading above 2400.
- Dow Jones Futures Up, Unfortunately, so are Coronvirus Cases – (4/07/2020) Dow Jones futures jumped a staggering 800-points on Tuesday morning, building upon the momentum that was Monday’s 1600 point gain. In fact all three major markets were up in the their premarket exchange.
- Stocks Down Early Yet Again – (3/31/2020) Stocks fell lower once again on Tuesday morning, and it looks like the Dow Jones is going to close Q1 with its worst first quarter record loss of all-time. As it stands right now, the Dow Jones will head into the final session of the quarter down a whopping 21.8%
- Coronavirus Sparks Panic Selling in Stock Futures – (3/13/2020) U.S. stock markets are having their worst week since the 2008 financial crisis. Thursday’s avalanche marks the largest one-day sell-off since 1987. In short, markets are in turmoil due to fears that the coronavirus threat will worsen, and economic activity will grind to a halt.
- Interest Rates Can’t Find a Level, Coronavirus Rages on – (3/11/2020) Taking a look at the 10-year note, we are currently trading 137.22, up 2 ticks on the day. Overnight we had a high of 138-19 and a low of 137-07. The market continues to take cues from any new developments on the coronavirus and the stock market.
- U.S. Stocks Up, Coronavirus Shows No Signs of Slowing – (3/10/2020) U.S. stock futures look to be recovering after Monday’s abysmal day, which included the largest one-day percent decrease since 2008. The S&P 500, Nasdaq, and Dow all shot higher in the overnight
- Virus Trumps Jobs – (3/06/2020) We were warned, by many top economists, that the February jobs report was going to be irrelevant. The data was collected before the coronavirus outbreak escalated and became a threat to our financial system.
- G-7 Call on Coronavirus Yields Disappointing Stock Reaction – (3/03/2020) The Dow Jones set a single day points record on Monday rising 1,290 points by the time the closing bell rang. This broke a 7-day losing streak and came after a week where the markets had their worst performance since the 2008 financial crisis.
- Cocoa, Coronavirus, and Currencies – (2/27/2020) May cocoa futures continue to move lower as fear grows that the coronavirus outbreak could continue to get worse. Until a vaccine is in place, which could be six weeks away, the threat of a growing number of cases will continue.
- Stock Market Down as Coronavirus Cases Spike – (2/21/2020) U.S. stock futures are trading lower this morning on continued fears of a global economic decline from the coronavirus. Dow Jones Industrial Average futures are trading lower, with a loss of 95 points at the open. S&P 500 and Nasdaq 100 futures are also primed to lower open.
- U.S. Stock Market Remains Resilient in the Face of Coronavirus Uncertainty – (2/14/2020) U.S. stock indices are bumping up against resistance into week’s end as uncertainty surrounding the coronavirus situation continues. The March e-mini S&P is 58 points higher on the week but has struggled at the 3380 level during Thursday and Friday’s trade.
Hightower Reports on Coronavirus
- Hightower Special Report on Lean Hogs Beyond Covid-19 – (04/29/2020) The livestock markets seem to be pricing in a continuation of the very bearish situation that has evolved at the nation’s slaughterhouses
- Hightower Special Report on Coronavirus and E-mini S&P 500 – (3/24/2020) A follow up to our intial report from March 17: The beggining of the end of panic
- Hightower Special Report on Coronavirus – (3/17/2020) Volatility in the markets will remain historic, and any involvment in the markets should be restricted to risk-defined
- Hightower Special Report on Coronavirus and the Election – (1/30/2020) While coronavirus will dominate the markets in the short-term, it is not completely unrelated to the upcoming U.S. election
Helpful Futures Trading Resources for the Coronavirus Pandemic
- Trading Volatility with Options – This guide provides a solid and practical framework to help you effectively trade volatility by using options and futures. Volatility is a crucially important factor when it comes to pricing an option.
- Trading E-mini S&P 500 Futures Guide – We outline the significant advantages of trading E-mini S&P 500 futures contracts, the world’s most popular index futures market.
- Interest Rates and the Economy Guide – Over the course of this guide we will examine all the different factors that can affect how interest rates move. This includes but is not limited to: The Fed, inflation, demand for Treasuries, the yield curve, and U.S. debt in a global landscape.
- 2020 Spring Crop Outlook – Global supplies may be ample, but the uncertainty surrounding the coronavirus has end users around the world wanting to hold more food in storage.
- Trading Energy Futures Webinar – (4/29/2020 11am) Energy commodities are arguably the most political and tactical commodity in the global economy, especially during the current coronavirus pandemic. The price of energy not only affects industries but affects every man, woman and child. Every time a light switch is turned on or motor vehicle is started, energy comes into play.