Russell 2000 Index Rises 1.1%

USA Stocks Extend Gains, S&P 500 Up 0.5%, Nasdaq Rises 0.6%, Dow Up 0.6%

Ukraine Grain Exports As Of February 2

[Economist: Fed Could Further Shrink Balance Sheet If It Uses Term Open Market Operations (Tomos)] Bill Nelson, Chief Economist And Head Of Research At The Bank Policy Institute (Bpi), Believes The Federal Reserve's Reluctance To Restart Term Open Market Operations (Tomos) Is Hindering Further Reduction In Its Balance Sheet, And This Resistance Is Based On Misunderstanding. Nelson Writes, "Without Term Open Market Operations, The Fed Simply Cannot Achieve Meaningful Balance Sheet Reduction. To Reduce Its Balance Sheet, The Fed Must Raise Money Market Rates To A Level Slightly Above The Interest Rate On Reserves (IOR) So That Banks Have An Incentive To Shift Funds From Reserves To Other Liquid Assets."

U.S. Treasury Yields Rose Further As Data Showed That The U.S. ISM Manufacturing Sector Expanded At Its Fastest Pace Since February 2022 In January

Sterling Down 0.22% At $1.3657

Euro Down 0.32% At $1.1812

USA Dollar Index Rises After Ism Data, Last Up 0.29% At 97.49

Dollar/Yen Up 0.47% At 155.49 After Ism Data

Gold Volatility Hits Highest Level Since 2008, Dwarfing Even Bitcoin's Rollercoaster Ride. Gold's Volatility Has Surpassed That Of Bitcoin, Highlighting The Metal's Dramatic Price Swings, Comparable To The Most Volatile Periods Of The Past Two Decades, Following A Rapid Price Surge. Bloomberg Data Shows That Gold's 30-day Volatility Has Climbed To Over 44%, The Highest Since The 2008 Financial Crisis. This Level Exceeds Bitcoin's Volatility Of Approximately 39%—the Original Cryptocurrency Often Referred To As "digital Gold."

The Final Reading Of The S&P Global Manufacturing PMI Output Sub-index For January Rose To 55.2, A New High Since August, Marking The Eighth Consecutive Month Of Expansion. The Final Reading Of The Employment Sub-index Fell, Reaching A New Low Since October