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S&P 500 reversed Sunday‘s bearish gap, but market breadth readings are inconclusive, not invalidating the technical picture presented in length in the weekend video. Today‘s video highlights the Mideast developments as seen through various indices, USD and oil – what these mean for stocks and risk taking in general. Would you trust relief rallies? Sure, it took a while for stocks to decline following the 20y Treasury auction, but it happened, it did as relates to Trump statements casting more light on the whole escalation. Suffice to say my premium prediction of what‘s ahead, is unfolding… and stocks are complacent if you look at the sectoral perspectives of yesterday?
Where is the USD rally in such a crisis? E.g. on 9/11, the reaction was way different – so are markets treating it as a WW3 danger equivalent? Why isn‘t oil spiking more then? Check my X feed. Then what will the Fed do tomorrow, how will it justify no cut?
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