See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Invesco QQQ (QQQ) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco QQQ (QQQ) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
SPDR Dow Jones Industrial Average ETF (DIA) - free report >>
Image: Bigstock
Need More Interest in Gold? Check the German Bund Yield
Friday, June 10, 2016
Futures are way down in the pre-market this Friday morning, nearly two weeks ahead of the Brexit vote that is making many followers tremble. Crude oil prices have surpassed the psychologically pleasing (relatively) $50 per barrel price, but the question now for this is: What’s next?
With no major earnings results expected for the next couple weeks or so, the political climate still fighting through a particularly malicious haze (on both sides of the aisle) and the Fed not issuing an official statement until next week, it’s understandable investors might feel a bit impatient.
Thus, when we see the German bund dip into negative territory (-0.03 percent as of this moment 45 minutes from the opening bell), we have something to cling to… and it ain’t pretty. It’s one thing to see Abenomics in Japan try to radically shift that country’s economy out of the multi-decade doldrums with negative interest rates, but when the Eurozone’s strongest economy is now offering bonds at a cost (albeit very marginal), this raises plenty of red flags.
It’s a record low for the German bund yield, and this development has not only helped send U.S. market futures into negative territory, but has increased the profile for goldbugs in the near term. Should you be among them, here’s an article by Eric Dutram from yesterday afternoon you need to check out: 10 Factors You Need to Know About Gold ETF Investing
At 10am ET this morning, we expect the latest data report on Consumer Sentiment. The University of Michigan survey expectations are down to 93.5 from a previous 94.7 read at the end of May. Not that much market activity pivots on this information typically, but we seem to be looking at more mildly negative sentiment going into the final trading day of the week.
Mark Vickery
Senior Editor