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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
US and Europe to Work Immediately on Ukraine Security Plan [Bloomberg]
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.
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.
Only put the head and shoulders there on Saturday but it's already playing out.
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
Sentiment changes and a really big fall could occur if support fails to hold. Friday is definitely becoming a pivotal moment for markets.
Fed’s Bowman calls for embracing blockchain in banking system [investing.com]