Overnight.
Dow Jones +0.27%. SP500 +0.71%. Nasdaq +1.31%. Small Caps -0.41%. Banks -1.16%.
SP500.
SP500 continues to push above the 200-DMA and the Ichimoku Cloud.
Negative divergence on the CCI suggests we're in for a pull-back. Given the overall bullish character of the SP500, any pull-back is likely to be bought.
Commodities.
Commodities Index -4.34%. Energy -6.55%. Base Metals +0.31%. Gold -1.82%.
Iron Ore -0.1%.
XJO should have another positive day today but the oil producers won't be happy.
Overnight Oz Futures +0.5%.
Yield Curve.
The yield curve is flattening out and likely to invert. Investors are getting about the same return on a 30-Year Government Bond as a 2-Year return.
An inverted yield curve often predicts a coming recession.
For a recent analysis of this feature see this article from CNBC: https://www.cnbc.com/2022/03/28/bond-market-is-flashing-a-warning-sign-that-a-recession-may-be-coming.html
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