It is likely that the Eu sell side runs out of energy a bit headed into tomorrow. No technical damage has been done but that does not mean there will not be. There has some transitioning in other instruments which are a bit of a catalyst, some already executed, and some waiting to execute. These are beginning stages and there is not enough catalyst yet to immediately and profoundly change things. Yet.
Side note –
For those who’s brokers have use of it, I would recommend giving a platform called QST a look. Purely for execution through your broker and/or analysis purposes. I used it when I was a CTA and it was quite helpful. It will not work well for you if all you seek is a simplified view of things, but if you wish for a more wide view of the internals of markets and neural approaches then it is beneficial. Disclaimer, I have zero affiliation with them, just attempting to be helpful. Caveat – it will take time to educate yourself. Not for the impatient.
Ultimaely Amazing Trader can be very helpful and add visible structure on a retail scale especially in my opinion. Caveat – I do not use it but I can see its worth immediately just based on my experience and understanding of a wide swath of things.
the average investor
vs the top dog investor vs numnuts
then there is the legendary Nigel Jubbs,
with power to instill fear in any class of not investor but gamers including bank prop desk operators
only because do not invest and all they try to do is skin moola in a pure effort for one-way insta-benefit.
For the average investor the big question every day is “just shut up and tell me to buy or sell.” For portfolio managers at Goldman Sachs the question of the day is “where are we in our positioning with relation to our ongoing allocations and Volume Weighted Average Valuations and are we at valuations that warrant further input or further hedging.” So the net result is the people running billions try to talk to day traders but they have trouble understanding their language, which sounds like Martian to them, and which is based on a lot of understanding. And so the day traders lose patience and say again, “just shut up and tell me to buy or sell.”
Which is a missed opportunity if you don’t have the patience to listen.
So Mars to Earth – I prefer the sell side on these pull ups today even though it is against the grain, because I am seeing things that point to a gradual shift in overall bias. In fact, when Dow hit 398.50 that was a decent spot worth consideration.
JP- The PM was already impotent, which is the opposite of important, so the reaction has been muted and not conducive to population growth or impactful Prime Minestering. New era.
A major cyberattack has targeted the Central Bank of Iran (CBI) and several other banks, leading to widespread disruptions in the country’s banking system, according to Iran Ibternational
warning: political theme musing
–
DNC 4-day convention start next Monday
harris n walz are officially the Dem’s ticket
still, delegates will cast – ceremoniously I informed – their votes for harris n walz
I am also told that everyone of the speakers’ list will be happy and excited
including joe who is slated to yak first (on monday, hahaha, everyone knows the importance of the order in which yakkers yak)
kamala is apparently slated to yak last and gracefully accept her nomination.
I am being informed (by msnbc’s morning joe) that a repeat of 1968 convention has a 0% chance
What is transpiring is the primary market participants are pricing in reduced US rates as of September, with many supportive events or conditions being amplified in scope and/or duration with respect to price activity. The opposite applies for many counter pricing developments. This will dissipate gradually as September nears. Interest rate differentials will still exist. It would take profoundly strong conditions to drop US dollar aggressively from here to the point of altering Index parameters (101).
DOLLAR going the way of a morning soft turd
as players are feeding off each other betting that this morn’s 8:30 CPI will prove as further confidence builder to the FED rate cut.
I am not posting the various concesus numbers
I am biased. I think the current risk is that players have gotten ahead of themselves.
For reference: eurdlr 1.1025 as I type
A look at the day ahead in U.S. and global markets
Feeding off impressive disinflation and a growing list of central bank interest rate cuts around the world, global stocks and bonds are rallying anew – with today’s U.S. consumer price update set to clear the deck for Fed easing next month.
