"Probably nothing..."
Small-cap stocks briefly erased gains, with the Russell 2000 plunging 0.4 percent in less than a minute as volume exploded...
As Bloomberg notes, about 3.84 million shares traded in the benchmark index at 11:51 a.m., more than 10 times the volume in the previous minute.
Trading also surged in futures, with more than 10,000 contracts changing hands between 11:50 and 11:53, 58 times the volume in the previous three minutes.
By the SRSrocco Report,
Something changed in the silver market in May as U.S. Silver Eagle sales have surged compared to the previous month. This is quite interesting as precious metals sales and sentiment have declined in the West, especially in the United States, ever since Donald Trump was elected President.
Ahead of today's FOMC minutes, UBS reminds us that there has been substantial turnover on the FOMC, and so the Swiss bank has updated its periodic commentary on FOMC participants, as well as its popular "hawk-dove" chart.
Authored by Mark St.Cyr,
In the end, the OPEC Vienna meeting - which technically won't conclude until tomorrow - was anticlimatic, with the recommendation by Joint OPEC-Non-OPEC Ministerial Monitoring Committee in line with what was "trial ballooned", and leaked in advance: