Video By:
Michael J. Kramer
Saturday, April 27, 2024 3:20 PM EDT
This week will bring a massive data dump to the market, an FOMC meeting, and a Treasury quarterly Refunding announcement. What will this lead to?
The Curious Staircase Rally In Stocks
Today's HYG session is a really weak one, and HYG:SHY ratio isn't naturally saving the day --> looks like a case of short-term non-confirmation in the making. Meanwhile, $TLT recovered daily losses much to XLK's liking --> SPX rally's internals are unchanged. The eye catching performance is seen in GDX - keeping the precious metals upswing alive.
In advance, have a nice weekend!
Stocks Love Rising CPI, and Gold Should Too
How much do you think $TLT needs to rise by?
Why Tech Is Giving Me Jeepers – Watch Out, Gold
110min after the U.S. open update: Markets are attempting to turn the (intraday) corner - if it has any legs today, look for oil to lead the way, followed by copper with silver. stocks recapturing the 3,910 level would be a great start really, if you're into (liquidity) miracles. I like the lower knot in $TLT & indecision in $XLK - thus far, the key words here.