Meticulous preps and macro reading worked, and S&P 500 with some more Nasdaq leadership delivered more gains, in what was an upswing led by communications and discretionaries as well. Defensives and interest rate sensitive sectors (real estate, homebuilders, even industrials had a very muted day), which is in line with the larger theme of inflation trades (aren‘t markets trading as if the 20% odds of Jan cut were too underappreciated)?

Let‘s ha ve a look at the yields chart for confirmation (USD loves it), and as well at the Bitcoin one for advance clues as regards PPI.

Chart

Chart

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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