Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets. It is Monday, June 30. The last trading day of the second quarter.
State of Play
Last night brought news of progress on US-Canada trade talks. As we eye or board of indicators for signs of direction at 0800 ET, that is causing some cautious risk-on:
Stock index futures are pointing higher. The Nasdaq is leading things, up 0.6%. S&P 500 futures are 0.4% to the good;
Commodities are pretty quiet. WTI crude oil is down 0.4% with copper up 0.4%. Gold and silver are unchanged;
Cryptos aren’t doing anything either. Bitcoin is unchanged at $107,700;
Bonds also unchanged. The 10-year yields 4.25%.
Listen to this episode with a 7-day free trial
Subscribe to Contrarian Investor Premium to listen to this post and get 7 days of free access to the full post archives.
