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Both Brent (May) and WTI (April) crude futures are trading at $100+. Superficially it may look that Brent/WTI spread has vanished, but not when the same month is used for both. https://www.cmegroup.com/
Japan’s Nikkei 225 tumbled 6.22%, falling below the 53,000 mark for the first time since Feb. 6, while the Topix was down 5.27%.
South Korea’s Kospi was down 6.68%, triggering a temporary trading halt for the Kospi 200 futures. A circuit breaker was activated last week when the benchmark tumbled more than 12% Wednesday to record its worst single-day decline.
Australia’s S&P/ASX 200 fell 3.68% in early trade.
Big fun, yah. CNBC is showing S&P futures now at 6600, just a hair above the 200d moving avg. 10y Treasury headed up, 4.20 at the moment, dollar up strongly. Dang, I was thinking of UUP as a slight hedge for what foreign holdings I still have, but looks like I missed a good entry point.
Future market for tomorrow looks bad. Hope this would improve by morning. Fir mow, here is a snap shot:
S&P500, Dow, and NASDAZ are down over 2% Oil future is over $113 a barrel. Dollar index is up and oversea stocks are down VIX (fear index) is up 29 points https://finviz.com/futures.ashx
We stay with a conservative portfolio having 40% stocks, 50% bonds, and 10% cash. As of last week, we were down ~ 1.6%. We will hang in there. If the market fall further, we will do more Roth conversion.
Kind of surprised gold is down -- it has had a nice run as a hedge against Great Orange One craziness. CHF is also ticking down (which has similarly had a run against Great Orange Devaluation).
I rarely, if ever, get excited by the 'futures' except as a means to look for possibilities on sale. When the futures indicate a sell down it's too late to step out of the way IMHO so I search for possible bargains in the rubble if indeed there is rubble to pick through. I certainly don't look for opportunities in OEF's as there are few ways to know what the aftermath of the bomb may have until the after the close. YMMV.
I rarely, if ever, get excited by the 'futures' except as a means to look for possibilities on sale. When the futures indicate a sell down it's too late to step out of the way IMHO so I search for possible bargains in the rubble if indeed there is rubble to pick through. I certainly don't look for opportunities in OEF's as there are few ways to know what the aftermath of the bomb may have until the after the close. YMMV.
That'll help keep your blood pressure in the healthy range.
I think that after oil futures touched $120 overnight, an emergency meeting of IEA (G7) was called for TODAY. Only 3 days ago, IEA said that SPR releases weren't needed.
Comments
https://www.cmegroup.com/
Japan’s Nikkei 225 tumbled 6.22%, falling below the 53,000 mark for the first time since Feb. 6, while the Topix was down 5.27%.
South Korea’s Kospi was down 6.68%, triggering a temporary trading halt for the Kospi 200 futures. A circuit breaker was activated last week when the benchmark tumbled more than 12% Wednesday to record its worst single-day decline.
Australia’s S&P/ASX 200 fell 3.68% in early trade.
ASX 200 is down the about the same (Australia).
Not sure what other markets may be open.
Oil & Gas are exploding upwards.
Tomorrow should be fun.
But to quote every Star Wars movie..."I've got a bad feeling about this".
S&P500, Dow, and NASDAZ are down over 2%
Oil future is over $113 a barrel.
Dollar index is up and oversea stocks are down
VIX (fear index) is up 29 points
https://finviz.com/futures.ashx
https://www.cnbc.com/2026/03/09/iran-war-g7-energy-minister-oil-reserves.html
It seems that buy the dip is still a thing for now.