EXCHANGE CORNER

Select Sector Performance and Gold-Silver Divergence By Erik Norland, Senior Economist, CME Group Equities: Will Early Trends in Select Sectors Last? S&P 500 returns fell 8.3% Jan.-April but some sectors performed well. Technology, health care, consumer discretionary stock prices held steady. Energy tumbled 34% Jan.-April, industrial and financial stocks fell sharply. Sectors that did well … Read More

Equities: Clash of Narratives and Duration Risk By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Equities: A Clash of Narratives Equities sway to competing narratives – reopening or financial distress. Can oil prices stabilize amid supply cuts to offset demand decline? Will inflation surge amid ballooning deficits and central bank assets? … Read More

One year, 215M+ contracts traded and counting Celebrating the most successful product launch in CME Group history Since their launch in May 2019, Micro E-mini futures have provided global traders of all sizes a new tool to access the equity futures market. At 1/10th the size of their E-mini counterparts, Micro E-minis allow traders to … Read More

Conflicting Narratives and Widening Emerging-Developed Market Gap By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Conflicting Narratives Market volatility set to persist amid conflicting narratives. Equities weigh financial distress vs. optimism of reopening economy. Oil confronts supply cuts against drop in demand and lack of storage space. Gold likely to benefit … Read More

Economic stimulus-debt paradox; inflation to weaken with demand? By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group The Economic Stimulus/Relief-Debt Paradox Budget deficits are rising globally amid surge in sovereign debt issuance. Countries spending trillions to mitigate economic impact of pandemic. Long-term interest rates have remained low despite ballooning debt. Are rising … Read More