In the U.S., wearing a face mask will not be required for fully vaccinated citizens, Germany’s Covid-19 spread continues to fall, Turkey is looking to start easing restrictions on its population, and Italy’s vaccination efforts show high effectivity in controlling the pandemic. Meanwhile, Hong Kong will impose travel restrictions from Taiwan and Singapore. Taiwan posted Read More
Category: The Trade Desk
From the Trading Desk: Commodity Backwardation
Many countries around the globe continue to face another deadly wave of Covid-19. India, Thailand, Brazil, and others are still struggling as more restrictions are being placed on the population to fight the pandemic. Some European countries are starting to lift restrictions as vaccination numbers are increasing and new cases are beginning to fall. In Read More
From the Trading Desk: New All-Time Market Highs
To recap my previous post, the NASDAQ composite has recovered most of its gains from its recent selloff and is approaching all-time-high prices as tech stocks have recovered momentum. The S&P 500 (SPX) Index reached record levels last week as investors look with optimism toward an accelerating economic recovery. NASDAQ Index – (2 Year Chart) Read More
From the Trading Desk: Unfamiliar Territory
To recap my previous post, US Treasuries continue to be in the spotlight. Last week, the 10-yr Treasury Bond yield passed 1.7%, levels last seen more than a year ago. As a reminder, it started the year around 0.90% and has nearly doubled in less than three months. 10-year US Treasury Bond Yield (GT10 Govt) Read More
From the Trading Desk: February Recap
To recap my previous post, Bitcoin hit a new all-time high price last weekend of over $58,000, however, it has fallen below $50,000 or more than 13% so far this week. The largest Bitcoin fund, Grayscale Bitcoin Trust (GBTC) has suffered more than the currency itself, losing over 20%. The fund closed below the value Read More