Monica Kingsley
Monicakingsley
S&P 500 held above my 5,735, and sellers were repelled twice intraday as the main indices benefited most from slightly increasing rate cut odds (dialing back a little Monday‘s panic that we benefited mightily from intraday). The second most important factor to mention is China stock market reopening after holidays (with a giant Hong Kong selloff aka booking the gains while it was closed), which starts looking like a bottoming process.
Hence, flows back into the US names, with some encouraging signs mentioned further, alongside CPI expectations. The premium positive mention less than a week ago of IGV strength is bearing fruits for clients, and the same goes for NVDA technical developments and momentum, to name just a fraction of what I‘m bringing you daily.
Let‘s have a look at the yields chart, and then dive into individual markets, with precious metals and copper that I also got right in sounding very cautious.
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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