12 Jul 2024
That RTY (Russell 2000) / NDX (Nasdaq 100) spread was over 600bps at its peak today.
By the close it was the biggest relative outperformance of the Russell 2000 over Nasdaq 100 since 2002... Source: Bloomberg, www.zerohedge.com
12 Jul 2024
Is the Bank of Japan intervening again trying to prevent the Yen from falling further against the U.S. Dollar?
barchart
12 Jul 2024
US manufacturing mega-boom in 2 images
Source: Science is Strategic, The Economist
12 Jul 2024
US supercore CPI is negative MoM for the 2nd month in a row
zerohedge.com, Bloomberg
12 Jul 2024
Gold >2400 as markets believe lower than expected CPI report is opening the door to rate cuts by the FED starting in September.
Source: www.zerohedge.com
12 Jul 2024
NVIDIA vs. the tiny mining sector
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12 Jul 2024
🚨 🚨 🚨 HUGE SECTOR ROTATION OUT OF TECH AND INTO SMALL CAPS HAPPENING NOW 🚨 🚨 🚨
⬇ Nasdaq 100 $QQQ -1.0% ⬆ Russell 2000 $IWM +3.3% Source: Stocktwits
12 Jul 2024
BREAKING: Odds of a Fed rate cut by September 2024 skyrocket to 83% after June CPI inflation, according to Kalshi.
June 2024 marked the first NEGATIVE month-over-month inflation print since May 2020. Headline inflation is now at a 12-month low and 100 basis points away from the Fed's 2% target. Prior to the CPI inflation report today, prediction markets saw a 67% chance of rate cuts by September. Exactly 1 year ago, the Fed stopped raising interest rates. Does the Fed have the green light to cut rates? Source: The Kobeissi Letter
