In Today's Update:
1) The Equity markets snapped a 3-day win streak as Traders and Investors brace themselves ahead of the G20 Summit. The Dow Jones Industrial Average dropped 27.59 or 0.11%, the S&P 500 fell 6.03 or 0.22% while the Nasdaq 100 closed lower by 18.51 or 0.25% and the Russell 2000 finished lower by 5.00 or 0.33%.
2) Crude Oil futures bounced on news that Russia has decided to cut production while Gold futures closed flat after a low range, low-volume day. The Bond market managed a slight gain and the yield on the 10-year Treasury Note finished the day at 3.032%.
3) This coming weekend will be very important for the equity markets. The G20 Summit kicks-off tomorrow in Argentina and global markets will be holding their collective breath ahead of the meeting between Donald Trump and China president Xi Jinping. Will they agree on a trade deal or will we see an escalation in the ongoing trade war? Either way, the impact on the equity markets could be significant.