Crude Oil Double Bottom?
Crude Oil WTI made a massive move today. While the long-term trend remains bearish, we are seeing signs of a short-term trend reversal. The market is back in the long-term range between 62-94. The key level to watch is 72.28 resistance. A close above this level would not only confirm the trend reversal but also validate the Double Bottom pattern. Source: Bloomberg
U.S. Tariff Revenue soared to $22.2 Billion during May, an all-time high 🚨🚨
Source: zerohedge
Visualizing Trump’s 2026 Budget Proposal 💰by Visual Capitalist and Voronoi App
From foreign aid to renewable energy programs, federal agencies are bracing for sweeping cuts. As Trump’s budget proposal slashes $163 billion from nondefense discretionary spending, it threatens to eliminate some programs entirely. Meanwhile, it boosts the Pentagon’s budget by 13%, raising it to $962 billion in 2026.As Trump’s budget proposal slashes $163 billion from nondefense discretionary spending, it threatens to eliminate some programs entirely. Meanwhile, it boosts the Pentagon’s budget by 13%, raising it to $962 billion in 2026. The Pentagon stands to gain an additional $114 billion—the largest budget increase by far. In particular, funding would be directed to building a “Golden Dome”, a multi-billion dollar missile shield that includes orbital sensors, satellites, and missiles on the ground. By the end of his term, Trump wants to spend $175 billion on its architecture.
Nasdaq $QQQ now facing major resistance as it tries to make new all-time highs
Source: Barchart
A major breakout for palladium
Source: Graddhy - Commodities TA+Cycles
BREAKING 🚨: United States Treasury - THEY DID IT AGAIN! Japan 2.0 ???
U.S. Treasury just bought back another $10 Billion of its own debt, matching the largest Treasury buyback in history (and that was from last week)! Source: Barchart
CBOE Volatility Index $VIX falls to lowest level since February
No Fear Left in the Market Source: Barchart
In case you missed it...
Source: Bloomberg
