US TSYS: Risk Sentiment Continues to Sour, Stocks Sliding Lower
Apr-21 17:47
Risk sentiment continues to sour, stocks at or near session lows at the moment as are Tsy futures (TYM5 -10.5 at 110-27, still above pre-open lo of 110-22).
Market reactions to headline risk, latest focus partially tied to headlines that the WH is in the process of replacing Sec of Defense Hegseth following reports of another Signal Chat leak made the rounds. Politico reported GOP Rep Bacon said "Hegseth should Go".
Conversely, WH Press Sec Leavitt just said the NPR report is false. Global trade remains the greater concern as markets await something concrete in tariff negotiations vs. hopes and promises that talks with dozens of countries is going well.
Currently, the DJIA is down 1185.65 points (-3.03%) at 37956.3, S&P E-Minis down 172.5 points (-3.25%) at 5139.75, Nasdaq down 566.8 points (-3.5%) at 15720.71.
LOOK AHEAD: Tuesday Data Calendar: Fed Speakers, Richmond Fed Data, 2Y Note Sale
Apr-21 16:34
US Data/Speaker Calendar (prior, estimate)
22-Apr 0830 Philadelphia Fed Non-Mfg Activity (-32.5, --)