A quick view around the markets as Chair Powell testimony continues

As Powell's testimony continues a snapshot of the market currently shows:

• Spot gold is continuing its move to the downside and currently trades down $-23.57 or -1.21% of $1920.99
• Spot silver is down $0.37 or -1.5% at $24.98
• The price of WTI crude oil futures is trading at $106.06. That is sharply lower from the $112 $48 high. The low for the day comes in at $105.18
• Bitcoin is trading near unchanged at $44,470

A snapshot of the US stock market shows a major indices higher and trading near high levels for the day:

• Dow industrial average is up 557 points or 1.67% at 33846
• S&P index is up 66.67 points or 1.55% at 4372.59
• NASDAQ index is up 149 points or 1.1% at 13681
• Russell 2000 is up 37.3 points or 1.86% at 2045.80

In the US debt market, yields remain higher:

• two year yield is at 1.484% up 16 basis points
• 10 year yield is at 1.844% up 12.5 basis points
• 30 year yield is at 2.18% of a .7 basis points

The strongest of the major currencies is the CAD after the Bank of Canada hiked rates by 25 basis points. The JPY is the weakest along with the CHF as flight out of safety (and risk on) flows dominate.

In the commodity markets:

• Wheat is trading up limit at $10.59
• Corn futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term are trading up $0.10 to $7.35
• Soybean futures are trading down $0.16 at $16.73