Equity Markets Continue to Propel, Expected Market Follows Suit

December 8, 2016 8:56AM CST

The Trump post-election rally continues to propel equity markets higher at the mid-point of US Thursday trading. December S&P, Dow, and NASDAQ futures are surging again as indexes hit intra-day record highs, advancing the sustained post-election up move. Financial, energy, and defense sectors have steered the move. Markets have responded favorably to pro-business cabinet appointments and a dawning period of economic de-regulation.

December gold futures are lower, trading near $1,172 (-5), with silver down at $17.07 per ounce. The December S&P contract is up near 2250 (+13 pts.) and the Dow is in the green by 136 points at 19,653. December bond futures are selling off at 12507 (-10) and 15111 (-1.07) for Notes/Bonds respectively.

Crude oil is bullish, at roughly $51.85, as traders balance future demand expectations with ongoing high supply. Natural gas futures continue to trend upward, in the green at $3662. Mild temperatures have given way to an Arctic blast well into next week.

Despite strong advances in crude, agriculturals are weaker upon a higher US dollar. Corn ($3.52), wheat ($4.06) and soybeans ($10.29) are lower headed into Friday’s session.

Emini Daily


< Back to Articles & Videos

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.