March S&P 500 E-Mini futures (ESH25) are up +0.50%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.55% this morning as Treasury yields fell after cash trading resumed following the Martin Luther King Jr. Day holiday, with investors digesting President Donald Trump’s return to the White House and awaiting economic data and corporate earnings reports.
Treasury yields dropped on Tuesday following President Donald Trump’s inaugural speech, with the lack of an immediate imposition of broad tariffs easing investor concerns about quicker inflation. At the same time, the dollar initially opened lower but later surged after President Trump threatened to impose tariffs of up to 25% on imports from Canada and Mexico as soon as February 1st.
