Big week ahead
(Kitco commentary) - S&P 500 charge higher continued, and high beta plays didn't disappoint. Energy, financials, Russell 2000, emerging markets - all on fire.
Hawks and surprises
(Kitco commentary) - S&P 500 didn't like CPI coming in line with expectations, and it was indeed "buy the rumor sell the news" reaction, followed by cutting into 4,010 on confirming bond and dollar price action. No fresh fuel though making for a larger reaction.
Jobs chasing inflation
(Kitco commentary) - S&P 500 tested the bottom part of the 3,875 3,810 range sufficiently, and its about time to start probing the breakout. Even the Fed minutes are out of the way, with the hawkish realization that the Fed isnt planning to cut or ease any time soon.
(Kitco commentary) - Yesterday confirmed the risk-on turn in S&P 500 and beyond as Powell didn't spook the markets in the end. So, not even a temporary setback, let alone crash that many others had been calling for.
(Kitco commentary) - S&P 500 recovered from China uncertainty, keeping right below 4,000 until Williams and Bullard reiterated sticky inflation and high rates views.
Winds of change
(Kitco commentary) - Making a fine run, S&P 500 retreated from a vulnerable level of 3,865, but the bulls didn't give up totally since. Still, this tough 3,848 - 3,855 resistance held
Dips to buy
(Kitco commentary) - S&P 500 indeed entered yesterday in a corrective mode, which turned out to be a shallow downswing. USD and yields moved up - a bit too much to my liking, in a move that I saw as fake, especially when the closing prices are considered.
Bulls to get challenged
(Kitco commentary) - S&P 500 has been rejected at 3,900, but is showing premarket fine resilience in light of the META disappointment â?? and AAPL is reporting today.
Bears in command
(Kitco commentary) - S&P 500 had arguably made a local top formed a black body candle with sizable lower knot, which Im looking to get follow through selling today, and on tomorrows set of (likely disappointing) economic data.
False dawn or not
(Kitco commentary) - S&P 500 jubilation continued yesterday, and markets didnt really notice Feds Williams throwing cold water on giving up the fight against inflation prematurely.
load more articles