The risk trade is fading as the day extends

7 months ago 40

RoboForex - professional services on Forex market

Stocks give back gains, US dollar rises

The S&P 500 was up 32 points in early trade but that's been whittled away down to 5 points as we near the final 30 minutes of trading.

The early gains and the huge spike in Oracle may have been a red flag for worried about overly-euphoric markets, and as a sign to take profits. The index is now up just 7 points while Oracle shares are up only 36% after rising by 43% at the peak.

Along with stock markets fading, other risk trades are following. The US dollar is climbing as this unfolds, particularly against the commodity currencies.

I hate to tie this back to the Charlie Kirk shooting but it sure puts a pit in the stomach and the possibility of more violence and division in the USA.

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