Syz the moment

SPX Index has now reached the June breakout level at 4325. Are we going to see a rebound from here ? Source : Bloomberg

The European high-yield (HY) market is expected to maintain a positive technical landscape in the second half of 2023, as corporate high-yield refinancing needs remain moderate. This favorable dynamic should counterbalance any potential outflows, as observed on the US market where HY funds are recording significant outflows, but offset by sluggish activity on the primary market. Source: CreditSights

ASML Holdings (ASML NA) is back on May's breakout level. This zone is now a support. Keep an eye on it and see if it holds ? (Source : Bloomberg)

The EU market saw its first postponement of a live deal this year as borrowers struggled to tighten pricing in an active session for the market.

German building society Bausparkasse Schwaebisch Hall AG halted a €500 mio offering of 10y covered bonds after setting final terms. Source: Bloomberg

The Swiss National Bank delivered the smallest interest-rate hike since it began monetary tightening a year ago while signaling it may act again to tame inflation.
Policymakers led by President Thomas Jordan lifted the key rate by a quarter-point to 1.75%, matching forecasts by most economists surveyed by Bloomberg.
The step is aimed at “countering inflationary pressure, which has increased again,” Jordan said in Zurich. “It cannot be ruled out that additional rises in the SNB policy rate will be necessary to ensure price stability over the medium term.”

Source: Bloomberg

Totalenergies (TTE FP) is back again on it July 2021 up trend support. Keep an eye on this level... Will it rebound once again ?

Tench Coxe, the 3rd largest $NVDA shareholder, just sold another 50,000 shares worth approximately $21.1 million. He acquired these shares in 1997! He previously sold 100,000 shares on May 30. Source: Barchart

Source: Bloomberg