Bessent implications for stocks and inflation
|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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