Post-MLK Market Moves: Dollar Dives, Commodities Rally, and Equities Surge

Movers and shakers!

By John Thorpe, Senior Broker

Post MLK Holiday and the 60th  U.S. Presidential Inauguration the markets are on the move.

The U.S.Dollar is getting whacked, down 1.35 ( Crypto headlines emanating from the Whitehouse perhaps?)

From the Energy Markets giving back some of their gains “Drill baby Drill” from the past few trading sessions, to the Precious metals , inching a little higher after a tremendous downward push last night producing a Bullish engulfing pattern after today’s session. (lower lows , higher highs and closing on the high side during the same trading session)

Soybeans, really took off, up 33 plus cents in the front months (old Crop) along with all the row crops, Corn, Wheat, Oats. The deferreds were strong as well, Novemebr and Jan 2026 up 20 cents

Equities have re asserted their rally maintaining the bullish push from the day election rally.

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