The NQ and ES macro review in your inbox, every trading day
The context of the Nasdaq and S&P 500 futures before the US cash open: what moved overnight, what is on today's agenda, and what to watch. Written from dated web sources, sent as soon as it is published.
Sign up in one step
Every trading day, as soon as it is published, before the US cash open. Free, one-click unsubscribe.
One email per published review, nothing else. Your address is only used for this. Privacy
- 01The essentials
A few points, named and quantified, to know what matters today in two minutes.
- 02Today's agenda
Macro releases with times, the Fed, earnings of index companies, and every active conflict.
- 03What to watch
Hour by hour, from the pre-market to the evening, linked to the index you trade.
The latest reviews
- ▪ Semiconductors lift the NQ: at 13:14 Paris time, the NQ is up 1.87% at 28,356, versus +0.85% for the ES and +0.14% for the YM, after results from CoreWeave (CRWV), an index member and a major buyer of Nvidia GPUs, which jumps 17% in premarket.
- ▪ Nvidia (NVDA), AMD and Micron (MU), 14.4% of the index combined, gain 3.7% to 6.7% in premarket and contribute about 210 of the 521 points gained by the NQ; Nvidia is rebounding after a 9.5% drop over two sessions.
- ▪ What the market is pricing in: according to CME FedWatch, a 25 bp hike on December 9 is priced at 88.8% and a 50 bp hike at 11.2%, versus zero a week ago. The VXN, at 28.57, remains 9 points above the VIX.
- ▪ Nvidia flips the tone: according to The Wall Street Journal, Nvidia's (NVDA) board of directors is preparing to oust Jensen Huang, its CEO and co-founder. The stock is down 6.5% at $162.44 in overnight trading at 09:23 Paris time, after gaining 2.87% on Wednesday: with a weight of about 6.4%, that takes nearly 0.4 percentage point off the S&P 500, or around 30 index points.
- ▪ A concentrated decline: at 09:27, the ES is down 0.45% and the NQ 0.89%, while the YM and the Russell 2000 hold steady and the DAX gains 1.28%.
- ▪ What the market is pricing in: Polymarket gives an 83% probability that Jensen Huang leaves by year-end, according to Reuters. According to OptionCharts, options price a ±0.53% move (about 40 points) for the S&P 500 over the session and ±0.80% through Friday's PPI.
Questions
When does the email arrive?+
Every trading day, as soon as the review is published around midday Paris time, before the US cash open at 3:30 pm.
Is it free?+
Yes. One email per published review, nothing else: no ads, no partner offers sent to your address.
Can I get only NQ or only ES?+
Yes. Tick the reviews you want (NQ and ES). You can add the other one later from the same form.
How do I unsubscribe?+
Every email has a one-click unsubscribe link, and your mail client's unsubscribe button works too.
Educational content written by AI from dated web sources. Not investment advice.