🚨WHAT? US stocks fell after a 0.50% rate cut?🚨
Markets were very mixed after the Fed 'Jumbo' reduction. Big cuts are not usually a good sign BUT... Day 1 is usually not the REAL reaction. We need to wait 2 more trading sessions to see what's really going on. Market performance today: S&P 500 -0.3% Nasdaq -0.3% Russell 2000 +0.0% Dow Jones -0.3% Bitcoin +0.1% Bank Index +0.4% VIX +4%, front month futures VIX -1% Gold -0.6% WTI Crude Oil -1.3% Source. Global Markets Investor
Regardless of what is happening in the world, or who happens to be President, the market finds a way forward.
Source: Peter Mallouk
The top 10 largest stocks in the world are now worth a combined $19.17 Trillion up from $18.18T last week
Source: Evan
JP Morgan now owes the MOST derivatives at $57 Trillion
Source: PHIL 4 REAL @StretchItSomeMo
Investors are currently holding one of the lowest long positions in WTI oil contracts in the last ten years.
Surce; Bloomberg, Tavi Costa
Goldman Sachs strategists say stocks unlikely to sink into bear market
Source: Bloomberg
$SPX The last two bullish engulfing patterns:
Today and May 31st. Source: Frank Cappelleri
⚠️GLOBAL OIL DEMAND GROWTh FELL TO THE LOWEST SINCE THE COVID CRISIS⚠️
World consumption rose by 800,000 barrels a day in H1 2024, a 1/3 of the growth seen in H1 2023. THE LOWEST rate since demand crashed in 2020... Source: Global Markets Investor
