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Today's Market
Sr. Market Strategist
November 20, 2024 at 1:00 p.m. EDT
Overnight Asian markets were mixed but European indices were bouncing ahead of the US open recouping some of yesterday’s losses. US futures also traded modestly higher overnight but came off the best levels just ahead of the bell following another missile strike in Russia. Equities came under additional pressure after the open retesting yesterday’s low again (~5,850) which has held thus far. As we head to print, the S&P 500 is down 27pts to 5,890 (-0.5%), the Dow is down 58pts to 43,211 (-0.1%), while the Russell 2k is down 11pts to 2,314 (-0.5%). One other thing to note about the volatility over the last two days, this morning was the expiration of the November VIX future contract, which was heavily used to protect election risk, this is likely adding to the choppiness.
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