Bonds are getting a buy and the USD is doing well, but none of the data is supporting these moves
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to focus on the bond and currency markets. With bonds garnering a buy and the USD outperforming many other currencies, these moves are not lining up with the recent inflation data and the Fed’s persistence of remaining more accommodate than other central banks. We discuss the bigger picture that the markets are telling us when we get through summer.
Agree with your sentiment. Final couple hours set the tone. Harry’s rants are beginning to look better and better…………….Bitcoin can’t make up it’s mind.
If silver takes out 25.58, watch for a move to 24.50
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=3&dy=0&id=p84415434384&a=500462915
Thanks for the charting Matthew.
GDX:QQQ fell to precisely fill its 7/14 gap (yes, that’s a gap) and just might be forming a bullish head and shoulders bottom as a result.
https://stockcharts.com/h-sc/ui?s=GDX%3AQQQ&p=D&yr=1&mn=1&dy=15&id=p32516420783&a=978546851
The miners seem to always crash before the conventional market
Next week is not going to be good for stocks.
QQQ
https://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=1&dy=15&id=p26485689972&a=992339997