February 12, 2019 Optimistic Opening by Lester Murray
Optimism over a possible border-funding agreement that might help avoid another shutdown and optimism over renewed trade talks with China have helped push equity prices up across the globe with the DJIA set to open with a big green arrow. The optimism doesn't seem to extend, however, to small businesses as the National Federation of Independent Businesses released it's Small Business Optimism Index early this morning and its expected slip to 103 from 104.4 became more of a face-plant to 101.2. Treasuries are looking at a mild sell-off with the Ten-Year trading around 2.67%. The only other scheduled news today will be the JOLTS report from the BLS where a decline of about 40k in openings is expected. Energy traders are probably feeling better with WTI up about $1.50 or so putting the per/barrel price right at $54.
Posted on Tue, February 12, 2019
by Lester Murray