Friday, January 10, 2025 9:00 AM EST
S&P 500 traded volatile Wednesday as I expected – the fear of Fed minutes revealing deep rate cutting rift that would result in „higher for longer“ narrative strengthening, which is exactly what happened, accompanied by certain relief over it not being that bad. So, do we see some clues either way before today‘s non-farm payrolls?
You bet, in today‘s video I break down the data and present what I expect to happen next in SPY, QQQ, yields and USD – turnaround for some, and trend continuation for others, with calls made premium as regards precious metals and oil as well (copper had been turning up nicely, affecting silver too, which is the positive correlation relationship closer at some times more than at others as I had been bringing up at opportune times for years.
Forget not about Michigan consumer sentiment data after the opening bell too – data heavy Friday, let‘s dive into the charts.
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Disclaimer: 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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