Equities rose on Monday as investors priced in a higher likelihood of a Trump win after the attempted murder. At the same time, optimism about rate cuts in the US after Powell’s dovish comments remained. On Saturday, an assassination attempt against Trump raised the chances that he would win the November election. A Trump win Read More…
Recap We covered the underperformance in RTY futures a few weeks ago and said that we were getting close to the time that RTY needs to catch up to the greater market. It looks like we are finally at that time now and RTY is on its way up. You can read the previous analysis Read More…
CL Volatility We havent seen much volatility after the very uncomforting attempt on former US President Donald Trumps life this morning. The week ahead could be a very hostile one after this event on the weekend as well as OPEC monthly report and EIA report this week. Let’s see if we can position ourselves properly Read More…
NQ Drops 2.8% in a day NQ drops 2.8% in a day, and everyone gets scared. The markets have been going up and only up, so a pullback is due at some point. If you look at the NQ chart you will see nothing but green candles all the way and an RSI that has Read More…
The decline in DXY: The DXY index has seen a recent decline, trading at around 105.125, primarily due to the strengthening of the euro and a weaker yen. The euro’s rise was driven by the results of France’s parliamentary elections, which alleviated concerns over aggressive fiscal policies and boosted European stocks and bonds (FX Empire). Read More…
Equities closed at record highs on Monday as investors looked forward to several key events, including Powell’s testimony. The Nasdaq and the S&P 500 extended Friday’s rally when the US jobs report raised the chances of a Fed rate cut in September. The market has more rate-cut optimism as economic reports consistently show a slowdown Read More…
