S&P 500 rally yesterday was totally unconvincing, and allowed for most opportune short positions initiation. Combined with my increasingly bearish calls for stocks to roll over, today is one of those days to celebrate. The analysis today will be therefore brief, and presenting the call for stocks to roll over late yesterday, S&P 500 topping out below 4,300, and positioning going into today‘s PPI, housing and unemployment data. What a stagflation combo bringing up 50bp Mar talk on the table!

The bears aren‘t likely to waste this chance, and a solid day in the red awaits. Yesterday‘s signs were clear, and real assets are to hold their ground increasingly better over time. Refresh your 1970s studies or memories even if not first hand, as these will keep serving you well!

Chart

Share: Feed news

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.

Recommended content


Recommended content

Editors’ Picks

EUR/USD treads water in the low 1.0400s despite USD losses

EUR/USD treads water in the low 1.0400s despite USD losses

EUR/USD gives away its earlier move to as high as the 1.0470 region and looks to stabilise around the 1.0420 zone on the back of modest losses in the US Dollar, while market participants continue to evaluate the recent interest rate cut by the ECB.

EUR/USD News
GBP/USD keeps the bullish stance around 1.2460

GBP/USD keeps the bullish stance around 1.2460

GBP/USD maintains its constructive view and adds to Wednesday's gains, hovering around the 1.2460 area against the backdrop of a modest decline in the Greenback while investors warm up for the release of US PCE data on Friday.

GBP/USD News
Gold looking for higher highs beyond $2,800

Gold looking for higher highs beyond $2,800

Further gains allow Gold to hit a record top in levels just shy of the key $2,800 mark per ounce troy on Thursday. The move higher in the yellow metal came in tandem with the offered stance in the Greenback and safe-haven inflows in response to persistent threats of US tariffs,

Gold News
El Salvador rushes Bitcoin reform ahead of $1.4 billion IMF loan deal, BTC recovers from China AI shock

El Salvador rushes Bitcoin reform ahead of $1.4 billion IMF loan deal, BTC recovers from China AI shock

Bitcoin island, El Salvador, reformed its policies for a $1.4 billion loan deal from the IMF, according to a Reuters report. The nation’s Congress approved a bill to amend its Bitcoin law and comply with the IMF’s requirement to make the acceptance of BTC voluntary. 

Read more
The ECB cuts rates as its voyage to neutrality continues

The ECB cuts rates as its voyage to neutrality continues

The European Central Bank has cut interest rates again by 25bp and looks set to continue the current rate cut cycle. Even without having it fully telegraphed in recent weeks, today’s ECB decision to cut policy interest rates by 25bp is no surprise. 

Read more
Trusted Broker Reviews for Smarter Trading

Trusted Broker Reviews for Smarter Trading

VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025