This entire series of articles hits different if you're even remotely serious about trading...
Everybody looks up to these legendary traders and treats them like legends while missing an extremely simple point:
Trading the markets without the slightest understanding of the markets borders mental retardation
Until roughly a year ago, the entry barrier to understanding fundamentals was an economics degree. MINIMUM.
This has officially changed and anybody who uses @MRKT_AI can confirm this...
@Capital_Hungry Jev, don’t think for one second what you’re doing isn’t helping anyone. I’ve been following you and your free content since pandemic days, and I have literally learn fundamentals and technical analysis on a different level because of what you provide for free!! Love you bro 👊🏽💪🏽
Repeat this until you go numb:
What remains after fear and doubt is my TRUE potential.
This potential is only limited by my imagination and work input.
Until death all defeat is psychological.
Market Update Markets are MOVING, here's why and what to expect👇
Dollar is picking up momentum on hawkish Fed bets, Iran is outmaneuvering the US in the strait(s), and trade deals are being brokered with President Xi
Yesterday's import prices YoY came in at 2% higher than prior while retail sales showed declining figures down to 0.5% vs. 1.7% prior. Initial jobless claims was nothing out of the ordinary with 211k vs 205k expected.
All in all, this continues to strengthen the case for market bets on a hawkish Fed stance to combat rising inflation, especially after this week's CPI and PPI surges.
The Iran war is in a deadlock. Neither side is willing to move an inch on their demands, Israel is itching to get back in the fight and attacks Lebanon as if there's never been a ceasefire. Fearing that Trump might try to gain support in Beijing, Iran made a move before he had the chance to sweet talk Xi by allowing Chinese vessels to cross the strait. At the same time Iranian lawmakers are looking at closing a second strait of the coast of Yemen, called the BAB AL-MANDAB STRAIT. The strait would likely be closed or restricted using Houthi proxies in the region.
This keeps up the pressure on Oil prices as can be seen by stabilizing prices above the critical $100 mark.
Trade deals in China are being made between Trump and Xi, with NVIDIA being one of the biggest winners so far. The $5.5 trillion Dollar company has been granted access to another $50 billion Dollar market, finally being able to sell the highly discussed H200 chipsets to the Chinese. This massive optimism regarding AI technology and associated companies is keeping the S&P500 extremely bullish, despite the most severe Oil crisis the world has ever seen.
Trump is still in China, Industrial Production figures along NY Fed Mfg. is set to be released today but will probably hold minor impact except for some LTF liquidity grabs.
Eyes still trained on the news room, as headlines keep coming in with critical information the markets will adjust to in seconds.
Check out this article, if you want to get a better understanding of what's currently moving markets and how to stay on top of each narrative! https://t.co/bkK7W6N6Rb