RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

December S&P finished up 9.3 at 2517, 0.5 off the high and 11.5 up from the low.
December S&P E-Mini closed up 9.25 at 2517. This was 12.25 up from the low and 0.75 off the high.

 

The stock market had a fairly positive finish to a mostly favorable trading week, but most market measures (with the exception of the S&P) ended up finishing lower on the month. Ongoing hope for tax reform combined with a subtle shift away from an impending US rate hike allowed the trade to embrace the positives. Adding into the positive bias in stocks today was a speech from President Trump arguing for a reduction in US corporate pass-through tax rates that would allow small US corporations to have a more competitive tax structure.

Hightower Report