Limit Up! 20th August 2025
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Overnight
Economic Indicators Released Overnight
Canada's CPI pretty much as expected and Trump Administration taking aim now at India/Modi/China in context of Russian Oil should provide a distraction for markets until Powell on Friday.
Bessent Says India’s Richest Families Benefit From Russia Deals [Bloomberg]
U.S. accuses India of profiteering from Russian oil during Ukraine war [CNBC]
Bitcoin leads tech stocks lower and other markets follow as sentiment flips on a dime again.
US Equities
Breaking
US and Europe to Work Immediately on Ukraine Security Plan [Bloomberg]
Bitcoin
Price action challenging late investors assuming market wouldn't ever fall below 100k again. Last shake out before rush to new all time high for this cycle.
Commodities
Gold moving to long-term support. It's a long way down if this level breaks, but $3,000 would be a gift for investors to buy.
Foreign Exchange
Only put the head and shoulders there on Saturday but it's already playing out.
Bonds
Longer bond yields still rising, that's 1% in a year for US Long Bond. You can feel the pressure building.
US 30 Year Government Bond Yield Daily
Equities
Sentiment changes and a really big fall could occur if support fails to hold. Friday is definitely becoming a pivotal moment for markets.
Interesting
Fed’s Bowman calls for embracing blockchain in banking system [investing.com]