USD: Sept'24 is Down at 101.340. Energies: Sept '24 Crude is Up at 73.95. Financials: The Sept '24 30 Year T-Bond is Up 7 ticks and trading at 124.08. Indices: The Sept '24 S&P 500 emini ES contract is 113 ticks Higher and trading at 5622.25. Gold: The Dec'24 Gold contract is trading Up at 2535.20. Initial conclusion This is not a correlated market. The USD is Down and Crude is Up which is normal, but the 30 Year T-Bond is trading Up.
Member Goolsbee Speaks at 12:30 PM EST.This is Major. Member Goolsbee Speaks at 1:45 PM EST.This is Major. Member Goolsbee Speaks at 2:15 PM EST.This is Major. Traders,please note that we've changed the Bond instrument from the 10 year to the 2 year . They work exactly the same. We've elected to switch gears a bit and show correlation between the 10-year Treasury notes and the S&P futures contract. The YM contract is the Dow Jones Industrial Average, and the purpose is to show reverse correlation between the two instruments.