Index

Retail Sales, NY Empire State Manufacturing, Philadelphia Fed Manufacturing, and Weekly Jobless Claims all came due at 7:30 a.m. CT. Industrial Production was released at 8:15 a.m. CT and will be followed by a lineup of Fed speakers through the afternoon.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
Core CPI came in far from the feared hot read. Additionally, after St. Louis Fed President James Bullard correlated a 75% vaccination rate as a baseline for taper talk, the Johnson & Johnson news could’ve been broadly supportive.
Fed Chair Powell has continued to emphasize his rhetoric that an acceleration in inflation through the summer is only expected to be transitory due to expected base data. Still, we didn't want to see the data run away and bring cause for policy to be reactionary.
Chair Powell's interview gives credence to the Fed’s patience with its unprecedented policy measures and rhetoric of symmetrical inflation targeting. Coincidentally, the story comes ahead of tomorrow’s pivotal CPI read and a deluge of Treasuries hitting the market.
Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.
U.S. benchmarks finished Q1 and started Q2 with fireworks before Friday’s Nonfarm Payroll report brought added tailwinds. We now view the next 2-3 sessions as critical in solidifying investors’ appetite for the next 3-week narrative and defining a very bullish technical breakout. 
U.S. benchmarks were pointing higher this morning ahead of both the bell and a long weekend. Tomorrow brings Nonfarm Payroll, but the NYSE is closed and index futures only trade through 8:15 a.m. CT due to the Good Friday holiday.
With a melting pot of narratives, this quarter brought a lot of chop, but at the end of the day, the trend is higher, the fundamentals are supportive, and there’s no reason to believe either will dissipate, at least not through April.
With Europeans in lockdown and the U.S. seeing a successful vaccine rollout, there’s a tailwind to both the U.S. Dollar and Treasury rates. The latter adds strength to the former.