all closed at record highs on Friday. EuroSTOXX 50 futures rose 0.2% on Monday. S&P 500 futures nudged up 0.1%
"Strip used cars, hotels, and other leisure-related reopening plays out of the CPI, and I am not sure the inflation outlook is the end of days many are predicting," said OANDA analyst Jeffrey Halley in a note on Monday. Ample funds are finding their way to bonds, where the yield on 10-year U.S. Treasuries stood at 1.4602% ahead of the Fed's policy meeting this week, having fallen to a three-month low of 1.428% on Friday.
Speculators are also building up long positions in U.S. debt, with their net long positions in U.S. bond futures hitting the highest level since October 2017 , U.S. financial watchdog data showed.While some Fed board members have said the central bank should start discussing tapering its bond buying, most investors think a majority of policymakers still prefer to wait a bit more.
We need to speak up about the volume this morning... Just a normal, everyday run of the mill volume reset during premarket on Webull AMC