Ian Reynolds
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Overnight
Economic Indicators Released Overnight
Equity markets cheer as a potential deal with China emerges and the FED meets tomorrow. Bitcoin has tried to rally and failed. Gold and Silver fall further.
US Equities
Breaking
‘End in tears’: Bullock warns of risks to financial stability [AFR]
As Trump shuns Canada, Carney must mend fences and make his case in Asia [FT]
Bessent Says Japan’s Expansionary Policy Helping Stocks [Bloomberg]
Countdown to Fed cut: Bond investors scale back on longer-dated Treasuries [Reuters]
Bitcoin
BTC higher but has lost momentum as price fails at the first hurdle, 115.25. With equities gapping higher and closing at all time highs, Bitcoin should be higher. Bulls can put it down to position squaring in front of the FED, but they’d be deluding themselves. Read more
Commodities
RSI has collapsed from 87 to 50 so now neutral. Price is now 4,000 rather than 4,380. The question is: are we still in a bull market? We think yes. Read more
Equities
Equities soar globally as we get stuck into central bank week. And regulators are now warning of catastrophe when the bubble bursts, completely ignorant of the fact that they caused it. Read more
Bonds
Let’s check where we are with the US 10 year as we get into the FED meeting. Since Trump was inaugurated, red vertical line, yield has fallen by a relatively small amount, and would have fallen further if the FED hadn’t cut already. Read more
US 10 Year Government Bond Yield Daily
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Economic Indicators Today
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