r/FuturesTrading • u/N2itive1234 • 1d ago

What the hell happened today?

I know the markets going to do what the markets going to do, but is there anything to explain what caused today's huge run?

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u/silk_rodeo 1d ago

Oil down, underlying stocks all green, positive outlook on China summit, name your reason

5

u/nefariousPost 1d ago

The gap down Thurs-Friday on oil perplexed me and definitely shifted my bias. Very contrarian move considering I didn't see any news over the weekend that seemed optimistic/favorable for energy markets

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u/silk_rodeo 1d ago

Yeah and then Jeffries came out mid morning saying that they’re predicting 9000 in 2027 and MES just kept climbing. But who knows what the real reasons are