Dave Lutz, head of Exchange Traded Funds at JonesTrading, has a brief overview of what’s happening in markets:
- US stock futures are slightly higher at the end of a strong week for the market. At least one of the major indexes closed at a new high every day this week. Treasurys continue to sell-off, however, with the 10-year yield up four basis points to 2.429%.
- The US dollar is rallying while the euro is getting crushed following the European Central Bank’s decision Thursday to extend its bond-buying program but scale back its purchases to €60 billion a month from €80 billion.
