Good morning contrarians! Welcome to the Daily Contrarian, our morning look at events likely to move markets. It is Tuesday, May 27. Welcome to the last week of May.
State of Play
President Trump on Sunday said he would hold off on imposing new tariffs on the European Union. That is helping risk appetite as we eye or board of indicators for signs of direction at 0645 ET:
Stock index futures are pointing to gains, led by tech. The Nasdaq is up 1.7% with S&P 500 futures up 1.6%;
Bonds are seeing some bids as well. The 10-year yield is down 4 basis point to 4.47% (yields move inversely to prices);
Commodities are mixed. WTI crude oil is holding steady at $61.50/barrel but copper is down 1.7% while gold is down 2%;
Cryptos are unchanged through this, with Bitcoin trading around $109,800.
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.
