Big Moves in Gold, New Highs in Stocks

Posted by TopstepTrader on October 13, 2017

Following retail sales and CPI data this morning, equity futures again hit all-time highs, with the Emini S&P 500 ($ESZ7) hitting 2555.50 as of writing. Crude Oil and Gold futures are also rallying, with Crude leading the way (up 1.6%). The U.S. Dollar is also seeing pressure, falling 0.3% versus the Euro. 

Judging by this reaction, equities are encouraged by the strong retail sales figures, which rose 1.6%, while commodites and the U.S. Dollar are looking at the slightly weaker than expected CPI reading.

Will these inital moves hold? Here's Performance Coach Dan Hodgman on the levels that matter and what to think about as markets end the week.

Subscribe to our blog to have these market insights delivered to your inbox every morning. You can also tune in at 8:15 AM CT on Facebook to watch John's Market Forecast LIVE.

 

< Back to Blog

Topics: Market Updates