Today is the big quadruple witching day, with a large amount of gamma due to roll-off in the options market
Congressional Budget Office raises federal budget deficit projection by $400 billion, a 27 percent increase compared to its original estimate released in February, juts like that
SNB cut 25bps, 2nd cut YTD, same guidance going forward, could go either way, largely in line with market expectations, minor adjustment lower in infl forecast
BoE held rates steady, as expected with more members positioning for a cut, August cut looks on the cards, 2 cuts fully priced for 2024
US initial jobless claims: More proof of a struggling consumer?
Japan's inflation rose in May due to rising electricity costs Core CPI gained 2.5%, accelerating for the first time in three months
US, China Resume Nuclear Talks After 5 Years Amid Taiwan Conflict, China warns of 'trade war' if EU continues to escalate trade frictions
Oil prices are up 10% in the last 2 weeks, Citi says oil is facing bullish pressure as summer season picks up, with global crude and product deficit of around 200L barrels per day
Japan’s biggest agricultural bank surprised the market this week by saying it would sell $63 billion of low-yielding US and European government bonds that had become unprofitable to hold after the firm’s shorter-term funding costs jumped >>> #USDJPY just closed on highs above 159, 1st time since interventions in May
Good week for GOLD, Silver, they love very average/weaker macro data, softer rates, geopolitical and political uncertainty #XAUUSD #XAGUSD
Short interest tied to SPY and QQQ is hovering at the lowest levels since at least 2018 ---JPM >>> if you wanted to be bear, might be a reasonable time to put a hedge on >>> today's options expiration notional value is $5.1 Trillion, the largest in history, very much due to #NVDA and ETF rebalancings..
Macron’s Party Makes Slight Gain in French Election Poll - Bloomberg *Macron’s group would get 22% support, in third place after Marine Le Pen’s far-right party, with 34%, and an alliance of left-wing parties, with 29%, according to the survey by Ifop-Fiducial for LCI, Le Figaro and Sud Radi
Apollo / The current Ai bubble is bigger than the 1990's tech bubble
Wheat got a lot cheaper last few weeks
Ben Calusinski on X: "Nasdaq is now the most overbought since right before Volmaggedon in 2018 I did a 7-year correlation analysis and found that every time Nasdaq has hit 80+ on the Daily RSI, it has led to a correction The smallest? -3.94% The largest? -30.50% Here's how I plan to trade it 👇 https://t.co/spMsrBKAln" / X
Norinchukin CEO Says Expected Loss Could Change With Market (yahoo.com) >>> it's pretty big, won't be done in a day! but over next few weeks/months could cap CROSSJPY's
Wheat heads for fourth weekly loss on improving supply - Markets - Business Recorder (brecorder.com)
#NVDA bit of bearish candle yesterday, see how goes with OPEX month, quarter, half year-end next week
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