Bucking Liquidity
S&P 500 rose on the Fed minutes, and I really liked the resilience leading towards it. The weakness in both paper and real assets didn‘t continue, but the strengthening dollar remains a key watchout. Well, rising yields fueling risk sentiment which will meet another reality check tomorrow on non-farm payrolls, which are likely to disappoint, coming in well below the 275K expectations, Tough spot the Fed is in, let me tell you (inflation vs. growth) – yields are likely to retreat again tomorrow, and the progress in asset prices made since yesterday, would come under scrutiny again (no matter how well copper is doing today so far). I‘ll be covering the markets going into and reacting to tomorrow‘s key data point of this week, for now enjoy the bullish positioning that‘s likely to stretch across the board till the closing bell today.
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Thank you,
Monica Kingsley
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mk@monicakingsley.co
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All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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