An ICYMI from a note from JPM (via Reuters)
- S&P 500 index to hit 4,000 by early 2021
- Pfizer COVID-19 vaccine update "one of the best backdrops for sustained gains in years."
- index to hit about 4,500 by the end of 2021
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Wheat futures (SRW) see a broad decline, with March contracts down 4.25 cents. Traders eye volume shifts.
Bitcoin plunges $500B, hitting 2024 lows! Momentum fades below support, hinting at a prolonged $70k-$80k range. Traders eye risks.
Copper futures see mixed action, with some contracts down over $0.10. Watch for volatility!
Soybean futures show mixed signals: May '26 up 0.75, Mar '26 down 0.25. Watch volume shifts!
Rice futures rise! March contract up +.045 to 11.135, May contract gains +.040 to 11.415. Volume lower today.
Cotton futures show mixed signals: March contracts up 106 pts, Oct contracts down 10 pts. Watch volume shifts!
Crude oil prices flatline with zero change; volume drops significantly. Traders eye future contracts for direction.
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