Good morning contrarians! It is Thursday, March 30. The Nasdaq 100 (QQQ 0.00%↑) officially entered a new bull market yesterday. Happy bull market!
State of Play
As of 0630 things are pretty quiet:
Stock futures are pointing to gains led by small caps. The Russell 2000 is up 1.2%, other US indexes up far less (+0.3% or so for the Nasdaq and S&P 500);
Commodities aren’t doing much. WTI crude oil is up ~1% to trade around $74/barrel. Natural gas continues to drop however, down close to 3%. Copper is up <1%;
Bonds are unchanged. The 10-year is 3.58%.
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