This morning, the S&P 500 Index e-mini futures (ES-Z3) are trading lower by 5.50 points to 1794.50 per contract. Today, the Japanese yen is finally strengthening against the U.S. dollar. When the Japanese yen climbs it will cause a disruption in the carry trade that continues to fund the S&P 500 Index futures. In other words, when the yen rallies the stock markets decline. Gold and silver will often trade higher on the back of a stronger Japanese yen, so keep the USD/JPY chart front and center today.
Below you may find the video.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.