Here's a super-quick guide to what traders are talking about right now

Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.

Here’s Lutz:

Morning! US Equities close at 1pmET, US Credit markets 2pmET. Black Friday madness erupting, and it’s strong out of the gate. Adobe estimating a 17% y/y increase in spending yesterday

Banks acting well in EU as Govvie yields jump. Bunds driving the bus, as PMI yesterday hit a 6Y+ high, and IFO this AM posted a record print of German Optimism. That, coupled w/ German Politicians talking coalition again, had Euro rip near $US1.19 earlier to 6week highs.

Sterling shrugging off weak UK consumer confidence and negative Brexit commentary.

Yesterday, China’s CSI closed 2.9% lower, its worst loss since June 2016 as their 10YY rips to 4.7%. Last night China traded basically unch, but their 10YY retreated back under 4%.

Hang Seng closed up small, capping a 2.3% gain this week. Japan gained small after re-opening from Holiday

Ore spot price posts weekly surge of 11% as futures in Dalian roll to May – WTI up 1.5% and at 2Y highs near $US59 as the squeeze continues into OPEC next week. Copper up 1%, and at 1M highs. The Greenback hitting 5week lows, still reeling from the “Dovish” FOMC Minutes Weds.

Aside from “Black Friday”, the story of the day may be about China cutting import tariffs – Import tariffs will be cut on products including food, health products, medicines, clothes, shoes and hats as well as other daily goods.

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