Equity Futures Surge Off Weak Open After Trump Tweet, Gold Gains

Equity Futures Surge Off Weak Open After Trump Tweet, Gold Gains

After opening down around 150 points, Dow futures went panic-bid after President Trump tweeted “Good news on Covid Relief Bill. Information to follow! “

We also note this headline printed about 30 mins before the futures open…

  • *ASTRAZENECA CEO: COVID VACCINE EFFECTIVE AGAINST NEW STRAIN

But futures opened down hard before Trump’s tweet lifted them 250 points amid negligible liquidity to take out Thursday’s highs…

We suspect now those stops are run, we retest the lows as the algos exhausted themselves on the nothingburger tweet since there is nothing coming aside from the $2,000 bill amendment vote that Republicans have (in enough numbers) been negative about.

We do note that gold ran higher on the tweet…

…and the dollar is down a smidge…

Tyler Durden
Sun, 12/27/2020 – 18:44

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