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The Weekly - September 27, 2024
China's overdue Policy Prescription open to 'Beginning of the End' OR 'End of the Beginning' interpretation. What matters most is the Deflation Export that the West abhors.
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China's overdue Policy Prescription open to 'Beginning of the End' OR 'End of the Beginning' interpretation. What matters most is the Deflation Export that the West abhors.
crude oil
Burden of Proof (ammunition for some) now on the next US Data Prints. AirFED Narrative = 'Landing' on Runway 2R (Right: 0~2%) & NOT 2L (Lower < 0). Let's see how smoothly this goes.......
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FOMC up next to manage the narrative over the 'Inflation Extinction Event' unfolding into Q4'24......China centre- stage still.
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Benchmark supremacy (Reversal Lower) & leadership dominates with the DAX now confirming; Sino Risks NOT going away anytime soon.
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Indecision & Hesitancy both best describes an uneventful week & keeps it simple, for the moment.
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Risk Asset Leadership victim to the Populist Broader Market as Benchmark (SP500, NDX100) Daily Reversals seemingly ignored. Could it simply be a 'Joyous' Rally to 'where exactly?'
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Onwards & Upwards a la a Soft Landing with Jay P substituting for Rod Serling? 'Expect the Unexpected' seems appropriate for the moment.
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This Week in the lap of the Gods as Week just passed one for the record books. Time to observe & not pre-empt would seem like an appropriate tactic.
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Seismic shift in perceptions OR simply confirmation of what the 'Social Silence' peer pressure had kept us tight lipped for so much of 2024?
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The Great US Equity Rotation BET continues, Currency developments signalling 'What Exactly?' Copper & Crude signalling something's afoot in Tradables.....
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Rally passing the Baton to the Broader Market; healthy Rotation or the Last Hurrah as the Market now discounts the FED's position on the Curve back to appropriate policy settings?
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The "Snapback" Copper (+6%) & Gold (2.5%) Rallies play out nicely; FOCUS shifts back to the OK Corral Shoot~ Out in Global 10yr Note Yields.