Good morning contrarians! It is Monday, June 5. If you’re looking for a quick summary of what happened in Friday’s trading, our AI bot Connie (short for Contrarian) has the sub-60 second wrap-up for you.
State of Play
As of 0635 things are pretty quiet:
Stock index futures are pointing to a lower open, led by the Russell 2000 which tracks small caps, which is down 0.4%. Nasdaq futures are down a little less (-0.3%). The S&P 500 is flat;
Commodities are continuing to rebound with WTI crude oil up 1.8% to trade around $73/barrel;
Bonds are continuing to sell off. The 2-year yield is up 6 basis points to 4.56% with the 10-year up 6bps to 3.75% (yields move inversely to prices).
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