@AutismCapital Stop pandering to the Maga Retards, this engagement farming is not worth it. Autismo's are not trump supporters except for playing a long joke. I think you forgot they are the normies.
Individual investors continue to buy ETFs, which is a key indicator of retail appetite for risk. Liquidity is near average levels, which is neither exacerbating nor absorbing single-stock volatility. /5
Equities with high-yield debt traded lower this week, even as the S&P 500 made new highs. Weak balance sheet stocks like cruise lines, airlines, and lodging were particularly weak. /1
A model based on several economic indicators shows a high probability of a large market move, yet index options prices are low. This suggests that buying options to hedge or trade directional views on the index is attractive. /4
Investors are buying single-stock options and selling index options. Retail and hedge funds continue to trade single-stock options in significant size. This is a gauge of excitement about short-term upside asymmetry. /3
Funding spreads increased again this week, suggesting that professional investors are adding to levered long positions. This is viewed as positive for markets.Options markets are pricing in a continuation of the low-correlation environment of the past 6 months. /2
Global bond markets are experiencing a reprieve, improving #sentiment. Recent FOMC minutes reveal a cautious approach to rate increases due to tighter financial conditions, as echoed by multiple Fed officials.
Today's US #CPI release is expected to maintain core inflation, marking the lowest annualised rate since Sep21, although analysts warn of potential #upside risks.
Given the growing chorus among #Fed speakers about the recent surge in long-dated Treasury yields helping to slow the economy and remove upward pressure on inflation, it suggests that there may be a cautious stance towards further rate #hikes.
The #PPI release today is an important economic indicator. Scheduled for 8.30am ET. Will be followed by the #FOMC Meeting Minutes at 2pm ET. Today's PPI and tomorrow's #CPI release will provide insights into inflation trends.
3rd: West increases sanctions on Iran, and Israel potentially instigates military strikes, Saudi Arabia doesn't raise oil production. This mirrors 1973's global financial #turmoil, worsened by concurrent conflicts in Ukraine and the Middle East.