Pending house gross sales spotlight a lightweight US financial calendar

Completely satisfied Monday in a stunted week that would be the closing considered one of 2024 and the primary considered one of 2025.

It is the ultimate full buying and selling day of the 12 months and it has been quiet up to now in FX. That is not the case in equities the place S&P 500 futures are down almost 1%.

It is all about positioning and re-positioning as we speak so I would not learn an excessive amount of into the strikes, although I strongly suspect we are going to see profit-taking in high-flying names early within the 12 months, if solely resulting from tax issues.

Right this moment’s financial calendar will probably be a non-factor as we get the Chicago PMI (9:45 am ET), pending house gross sales (10 am ET) and the Dallas Fed (10:30 am ET). For extra, see the financial calendar.

This text was written by Adam Button at www.ubaidahsan.com.



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