Monica Kingsley
Monicakingsley
S&P 500 took time to get going on retail sales above expectations, but the true winner as called for was once again Russell 2000. Bubble emerging? There is more to the story, and the sectoral rotations just inside the S&P 500 and various subsectors (looking at you IGV, then XBI and KRE) drop their own clues.
Just as much as this yields chart followed by my commentary in our channel in preps for today‘s data rich day (and then one more sectoral pick that is just getting going – and I don‘t mean Bitcoin or its plays such as MSTR, MARA or COIN mentioned yesterday, also premium). Plenty of gains delivered to clients.
Crude Oil
The downside direction in oil is picking up slowly, yet you can see that oil stocks aren‘t selling off in sympathy. Materials are actually among the leading sectors, but energy is nowhere nearby, meaning that oil stocks (outside exploration) should come with tempered appreciation expectations – better times would come when oil turns up, but we aren‘t near this point (for now, tentative bottom searching within a still narrow WTIC range).
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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GBP/USD trades at fresh 2024 top above 1.3000
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USD/JPY tumbles to 156.00 amid risk-aversion, technical breakdown
USD/JPY is off the lows but under heavy selling pressure on the 156.00 level in European trading on Wednesday. Souring risk sentiment and a technical breakdown has fuelled the USD/JPY meltdown, as Japanese intervention risks loom.
Gold retreats from record highs, holds above $2,470
Gold stays in a consolidation phase slightly above $2,470 after touching a new record high above $2,480 earlier in the day. The selling pressure surrounding the USD allows XAU/USD to hold its ground, despite the modest recovery seen in US yields.
Bitcoin rally catalyzes gains in Ethereum, Solana, and XRP, as traders digest Donald Trump incident
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