In August, fears of systemic financial risk briefly roiled our equity markets. That was the first time those fears had bubbled up since 2011. Since then, central banks globally have at least talked the talk …
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I discussed my thoughts about GLD being at an inflection point in this morning’s Macro Wrap. I wrote that I wasn’t sure which way it would break, but that I expected a break soon. Now …
Continue readingPart of my morning routine is to go through all the major asset classes globally, and get a sense for inflection points in the market. Gold seems to be at such an inflection point. Here …
Continue readingOvernight price action was again subdued as volume remains anemic. It seems like a case of most traders and investors afraid to sell after the numerous squeezes we’ve seen in the past month and a …
Continue readingOvernight price action was relatively subdued after the fireworks on Thursday and Friday sent markets shooting higher: SPX futures traded in an overnight range of 5 points on low volume, trading down about 0.1% at …
Continue readingDShort The S&P 500 finished the first day of the week with a twelve handle at 1210.08, a 2.83% advance from Friday’s close. The final volume numbers aren’t in as I type this, but a …
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