Markets Seeing Strength

Over the last few weeks, traders have seen consistent selling pressure across equity markets, and today we are seeing buyers step in and the markets are moving higher. On the day, the equity indices, Gold, Silver and Crude Oil are seeing higher prices as traders saw CPI come in worse than expected and Crude Inventories came in better than expected. The NQ contract led the gains for the indices being up over 1% and Silver trading up near 1%% on the session.

The CME Fed Watch Tool has been fluctuating over the past few weeks as the equity markets have been selling off, and is now pricing in a pause for the March and May meetings. To finish out the week, economic data including initial jobless claims, PPI, and Bond Auction data will be on the front of traders' minds to see if the selling will continue in equities or if buyers will be confident to step into the market.

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**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.