Dow futures price early Wednesday movement saw Dow

Early Wednesday movement saw Dow futures price at 39,122, as traders anticipate Fed minutes release. Market pricing shows a slight tilt towards a June rate cut, inviting bullish bets on cyclical sectors. The emphasis is these six words: " equity prices are fairly highly valued ." When the head of the Fed is making observations about the historic priciness of stocks, sweeping things under the rug or kicking the can no longer becomes an option. On a month-over-month basis, electricity prices edged up 0.2%, while the natural gas index decreased by 1.6%. More than 40% electricity in the US is derived from natural gas , which rose roughly 13.8% on an annualized basis. Trading momentum kept Dow futures price above 39,120 today, supported by upbeat homebuilder sentiment surveys. This economic data strengthens the case for sustained domestic growth.