Good morning contrarians!
Stock futures are pointing to a higher open. There seems to be a bit of a resurgence of tech, as the Nasdaq is up 0.8%. This follows a gain of 0.7% for the Nasdaq yesterday. Maybe, just maybe the first week in October was a kind of intermediate low for the Nasdaq.
S&P 500 futures are 0.7% higher with Dow Industrials up 0.6%. Industrial commodities are on the march as well, with copper and oil up about 1% and natural gas and aluminium up 2% and 3%, respectively. It looks like the yield curve is steepening. The 10-year is dropping to 1.54% while the 2-year is down almost 4 percentage points to 0.3541% and 30-year rises a bit to 2.05%. Those numbers as of 0630.
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