Americans should be relieved to learn the campaign of a sitting president did not collude with a foreign government.
S&P 500 e-mini futures turned flat, after rising slightly, on Sunday after US Attorney General William Barr said Special Counsel Robert Mueller had found no evidence of collusion between President Donald Trump’s 2016 campaign team and Russia.
The 10-year Treasury note futures were also trading flattish at the open. Nasdaq 100 e-minis, meanwhile, were up 0.09 per cent on volume of 2,417 contracts, while the Dow e-minis were up 0.13 per cent, with 1,248 contracts changing hands.
Investors had been bracing for updated news on Mueller’s investigation.
US Macro Strategist Alastair Williamson, founder of SBA LLC, said e-mini S&P 500 Futures had a “muted response on the report, overshadowed by a flurry of information last week that pointed to another growth scare in Europe, Asia, and the (United States).
“Williamson said it seems the Mueller report “is a ‘nothing burger’ for bulls.” He added: “Investors should revert their attention to a deterioration in global macro and be cautious that monetary and fiscal policy are currently unable to extend the global boom, as the synchronized slowdown festering in Europe, Asia, and the US becomes more severe into the second quarter.”.