January 27, 2025 13:43 GMT
CROSS ASSET: Equities and Bonds unwind some of the price action
CROSS ASSET
- Futures are seeing continued unwind in big Volumes, Equities are recovering somewhat after plummeting overnight and into the session, Bonds are seeing decent selling interest.
- Volumes really standout when you consider that this is a session with no Tier 1 Data, and Tnotes (TYH5) has already traded over 1.2mln lots.
- The Tech sector is still in deep red territory, but the NQH5 saw its best Volume when it bounced just short of the January low earlier.
- At current levels, the NDX will be set to drop over 700p points on the Cash open in under an hour.
- NVIDIA is still down 11.6% pre Market.
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