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Mid-week Market Update: Choppy, risk-off conditions as energy prices continue recent surge

by Joel Frank
6 October 2021
in Markets
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The S&P 500 is within recent ranges but trades lower on the week amid broadly risk off conditions as markets continue to fret about surging natural gas and oil prices. These concerns are for now benefitting the safe haven US dollar and hurting bond prices. Friday’s jobs report may have less of a market impact than usual given that most analysts agree the Fed will likely press ahead with a November QE taper announcement regardless.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

0:11 S&P 500

4:16 US 10-YEAR BOND

5:48 LCrude

6:28 US DOLLAR INDEX

Tags: FOMCUSA500USDWTI
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