HomeInvestingBondsS&P 500 Bullish Pattern & Nasdaq-100 Waiting On Rate Announcement

S&P 500 Bullish Pattern & Nasdaq-100 Waiting On Rate Announcement

The Durable Goods Orders number for May 2023 was released today. How are currencies and commodities reacting to the data? Bill Baruch from Blue Line Futures says that today is the first day of a very bullish seasonal pattern in the S&P 500 Index or SPX that could last for about a month. Also, the Nasdaq-100 performance could be related to interest rates. Commodities like crude oil and copper saw weakness overnight, but gold and silver were up slightly.

Futures

27 Jun 2023

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