Monica Kingsley
Monicakingsley
S&P 500 decline about to happen as the premarket rebound was losing steam around 5,780, generating quick intraday profits for clients. The tight range breakout to the upside through NFPs aftermath became contested, yet the downswing similarly respected the proximity of the relatively tight preceding range in the 5,730s.
The greatest development though had been continued reappreciation of how many cuts we would see in 2024 still. I can‘t understate the yesterday shared importance of newly 16% odds of no Dec cut. Politely said, some sectors benefited more than others – and I develop these thoughts further in the premium sections as it didn‘t leave precious metals unaffected while crude oil very, very comfortably kept above $74 – and the rise in yields called since before Sep FOMC, will have consequences down the road.
Let‘s chek on the bond market moves yesterday (I hope you‘re familiar with the extensive Sunday analysis already - a quick note about China returning from holidays, we got some quick profit taking, but the reflationary trade isn't over there).
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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