S&P 500 hasn't declined by 2% or more for 317 consecutive trading days, the longest streak since a 351-day stretch that lasted from Sep 2016 through Feb 2018 >>> VIX sub 12 area, not a bad timing to purchase a 'hedge' >>> The VIX's historical average is around 19.50 dating back to its 1990's inception
Rate cut expectations/pricing : earlier this year, markets priced in 6 Fed cuts, sic ECB cuts and 5 BoE cuts in 2024, now market pricing is 2 and a half cut by ECB and BoC, 1 and a half cut by the FED and BoE, and only half a cut by the RBA
USD on track to snap 4months winning streak, vs not all but majors - keep an eye on techs, what's worked in FX land is carry (low vols etc), CROSSJPY's and CROSSCHF's higher,#GBPCHF #EURCHF - good long-term break technically
ECB speakers: The ECB shouldn’t rule out lowering borrowing costs in both June and July, Francois Villeroy de Galhau said — pushing back against colleagues uncomfortable with consecutive cuts. Philip Lane said the full effects of the central bank’s tightening have yet to be felt
Shanghai lowered down payment ratios by 10% to a minimum of 20% for first-time buyers and 30% for second-home buyers
Saxo : Technical Update - Metals finding support and rebounding: Gold, Silver, Platinum and Copper
Israeli Prime Minister Benjamin Netanyahu has said a deadly strike on a displacement camp in Gaza's Rafah was a "tragic incident" that his government is "investigating"
ECB could start cutting rates in June, ECB’s Rehn says - Business & Finance - Business Recorder (brecorder.com)
Lyn Alden on X: "Here's an embedded version of the Broken Money video. -An analysis of the past, present, and future of money, and how technology impacts it over time. -How the current disequilibrium (transactions way faster than settlements) creates centralized and corrupted money clusters: https://t.co/TarwKOIaKu" / X
This is really good video
It is now..it's rallied 20-30pct..
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