Markets Mixed on Stimulus While Commodities Dip

Markets are edging lower today with commodities dropping sharply in light of concerns about a pullback in stimulus and resurgence in the fast spreading delta virus variant. Fanning the flames of concern were both Friday’s strong payrolls report and comments from Dallas Fed President Robert Kaplan, who warned that the ongoing pandemic could lead to a slower economic recovery and a tight labor market.

Precious metals are taking a hit this morning after strong US payrolls data on Friday raised the prospect of higher rates, making them less attractive than other assets. Gold has dropped the lowest since March before paring losses and Silver has moved to its lowest since November.

Tune in to hear what's moving Monday's market and where to trade to end up in green.