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STOCK INDEX FUTURES


U.S. stock index futures were sparkly lower on Friday, but were up on the week. The S&P 500 had its best week since 2009, up over 10%, and the Dow registered its best gain, up 12.8%, since 1938.

Stock index futures advanced above steep down trend lines last Tuesday.

Overall stock index futures have recently over performed the news.

CURRENCY FUTURES

The U.S. dollar index is higher not because of a flight to quality move, but because overseas central banks are becoming more accommodative.

There was pressure on the euro currency on news that the European Commission in its Economic Sentiment Index said the index fell to 94.5 from 103.4 in February.

INTEREST RATE MARKET FUTURES

Both interest rate futures and stock index futures are higher when they often move in opposite directions. This appears to be an indication of a more optimistic view of the economy longer term.

In recent weeks the front end of the yield curve has become less inverted and is flattish now, which is an encouraging sign for the possibility of at least some economic recovery late this year and into 2021.

Please contact Alan for more extensive information on these markets at 312.242.7911 or via email at alan.bush@admis.com. Thank you.

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Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.