Bessent implications for stocks and inflation

Kitco Media
By Monica Kingsley
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S&P 500 breakout through 6,030 rejection isn't as dire as it seems – the rotations brought also relief to interest rate sensitive plays while growth stocks suffered. A lot of intraday bumping on ES support with IWM having a good time, and sluggish NDX that however in the end held in intraday terms. It were precious metals, oil and Bitcoin that caught most attention during the day, and for good reasons as I explain in the following charts, and of course in the premium section.

After checking on yields, I'm presenting Bitcoin, and as a taster of what premium clients are getting, keeping the pulse on gold (hourly chart yesterday and today). Enjoy!

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Let's mve right into the charts (all courtesy of www.stockcharts.com) – today's full scale article contains 3 more of them, with commentaries.

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Monica Kingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020. Trade calls and writing are her cup of tea as much as a unique combination of macro, intermarket and technicals applied with in-depth experience. Having been at the markets when Great Recession arrived, she experienced many bull and bear markets - be it in stocks, bonds, precious metals or oil.
Check her out at https://www.monicakingsley.co

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.