Tuesday, August 13, 2024 10:35 AM EST
S&P 500 pushed higher as per weekend premium predictions, and then the warning about Iran disrupted the bulls. Weak risk-on gave way to fast selling and then cautious trading range. And today we have PPI, which I‘m not looking to dramatically move markets one way or another, but have an opinion on what the figure will do to rate cutting prospects, ES, NDX and IWM (premium).
Here is VIX to illustrate the cautious entry to today.
(Click on image to enlarge)
Keep enjoying the lively Twitter feed via keeping my tab open at all times (notifications on aren’t enough) – combine with subscribing to my Youtube channel, and of course Telegram that always delivers my extra calls (head off to Twitter to talk to me there), but getting the key daily analytics right into your mailbox is the bedrock.
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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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