U.S. Stock Futures Are Higher As The Index Swings from Gains to Losses This Morning

United Asset Strategies |

U.S. stock futures are higher:   Futures are trending higher as the index swings from gains to losses this morning.  Treasury yields are inching lower and have stabilized, easing the volatility from last week as investors might have accepted the Fed’s pivot to an aggressive posture without impairing economic growth from an emergency/accommodative position related to covid.  PMI & ISM activity will be released today and the jobs report is due on Friday.  Investors will continue to analyze large tech earnings this week and major selloffs have been followed up with dip buyers stepping in and limiting pullbacks.  Oil prices eased back slightly after rallying last week due to supply issues and geopolitical risk from the Middle East and Russia.  OPEC+ meets on Wednesday and is expected to maintain its current production levels.  European markets are higher. Chinese markets are closed for Lunar New Year and the other Asian markets closed higher.