Good morning colleagues, today we have to start with an event that shook the markets worldwide, the Chicago Mercantile Exchange (CME), the largest futures center on the planet. Yesterday, due to a failure in the data center, the futures market was completely halted for a full 10 hours.

What are futures. They are tools to bet on the direction that prices will take for stocks, gold, crude oil, forex, everything is hanging there. When for everything it’s as if the market went blind for a while, traders without prices, unable to place orders, just waiting, and that’s why yesterday a bunch of traders this short week with early closing of the U.S. markets were totally lost.
[28/11, 9:25 a.m.] +52 55 6113 7052: This failure was one of the most frustrating; it was not a hacker or an attack, but rather the cooling system of the data center broke down. The CME data center has more than 55 rooms in the United States, Europe, and Japan, but if the main cooling system fails, the servers overheat and shut down automatically to protect themselves.

At this morning's opening, the S&P 500 and Dow are up a little while the Nasdaq is supported by the mood of the tech sector to rise slightly but without much strength.

Because the futures market is the first link that defines the sentiment of risk assets; if the first one loosens, even if it gets fixed later, it is still difficult to quickly regain confidence.

And on top of that, the market believes that the Fed will cut rates next month, the dollar weakens to its weakest week in four months, which suggests that no one trusts that the American economy is that strong.