Monday, April 05, 2010

Midday Briefing for April 5th: Growth Themes Dominating


As the above futures heat map from Barchart.com shows, we're seeing markets respond to global growth themes. Energy contracts are quite strong, as are metals, as traders and investors anticipate continued strong demand. We're also seeing solid upside among stock indexes and continued selling of 10-year Treasuries, pushing yields toward the 4% level. Currencies from resource-rich countries continue to outperform the U.S. dollar, led by the Canadian dollar. As long as the growth themes dominate, particularly with inflation not in the headlines, there is underlying support for the stock market.
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2 comments:

RDV said...

How is it possible for Financials to be -23% in the red while the XLF is 0,75% in the green, at the moment your chart appeared? Where do the differences come from?

Brett Steenbarger, Ph.D. said...

Hi RDV,

Financials refer to bonds, notes, swaps, etc, not financial stocks. It's a *futures* heat map; sorry for any confusion.

Brett