✅ 𝗚𝗔𝗦 𝗪𝗲𝗲𝗸𝗹𝘆 𝟮𝟰𝙩𝙝-𝟮𝟴𝙩𝙝 𝗠𝗮𝘆 𝟮𝟬𝟮𝟭 ✅

𝙄𝙩’𝙨 𝙗𝙚𝙚𝙣 𝙖 𝙬𝙚𝙚𝙠 𝙬𝙞𝙩𝙝 𝙫𝙚𝙧𝙮 𝙡𝙤𝙬 𝙫𝙤𝙡𝙖𝙩𝙞𝙡𝙞𝙩𝙮. 𝙄𝙣𝙙𝙞𝙘𝙚𝙨 𝙝𝙤𝙫𝙚𝙧𝙚𝙙 𝙖𝙧𝙤𝙪𝙣𝙙 𝙞𝙩𝙨 𝘼𝙏𝙃𝙨 𝙖𝙨 𝙞𝙛 𝙩𝙝𝙚𝙮’𝙙 𝙗𝙚 𝙥𝙧𝙚𝙥𝙖𝙧𝙞𝙣𝙜 𝙩𝙤 𝙗𝙚𝙖𝙩 𝙩𝙝𝙚𝙢. 𝙂𝙧𝙤𝙩𝙝 𝙤𝙪𝙩𝙥𝙚𝙧𝙛𝙤𝙧𝙢𝙚𝙙 𝙑𝙖𝙡𝙪𝙚 𝙩𝙝𝙞𝙨 𝙬𝙚𝙚𝙠.

What’s notable it that the sentiment is pretty bad still with equities being so high. Fear&Greed Index is in the low 40s. This shows that we’re having a typical wall of worry being built on equity markets. Waiting for the ATHs to be passed soon in such a case most possibly.

𝗟𝗮𝘀𝘁 𝘄𝗲𝗲𝗸

👉 The week started with continued massive volatility in $BTC, as the token was rebounding double digits after a tumultous sell-off last week. But this is not our asset here, so let’s get to the point. Equities gained on Monday led by Techs. But shares of airlines, cruise lines and similars also gained nicely. Buy-the-dip mentaliy builds up in general – remember last decade???
👉 Tuesday struggled for direction really. $AMZN (Amazon) came under some pressure after Attorney General Karl Racine said he’s about to sue the eCommerce giant for unfair practices and pricing policies. Eventually the stock ended tiny up though.
👉 CNBC: “The market is basically in a holding pattern until the next big event, which is the Fed’s tapering schedule (or not tapering schedule),” Tom Essaye, founder of Sevens Report, said in a note. “Until we have more clarity on Fed tapering and the longer-term outlook for inflation, we should expect this type of incremental volatility.” – I agree with that fully.
👉 On Wednesday $DJ30 celebrated its 125th birthday 🥳🥳🥳. Stocks stayed choppy. As they also did on Thursday.
👉 On Friday the markets traded slightly in the green, but gave it away in the last hour of trading.
👉 On the Commodity front $GOLD has been gaining momentum lately. I have written a post on this here: etoro.tw/3udCIcd
👉 𝙀𝙛𝙛𝙚𝙘𝙩𝙞𝙫𝙚 𝙬𝙚𝙚𝙠𝙡𝙮 𝙞𝙣𝙙𝙚𝙭 𝙘𝙝𝙖𝙣𝙜𝙚𝙨: $SPX500 +1,2%, $NSDQ100 +2,0%, EuroStoxx600 +1,0%, $GER30 +0,5%, JPN225 +2,9%.

𝗢𝘁𝗵𝗲𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗲𝘃𝗲𝗻𝘁𝘀:

👉 𝘽𝙤𝙣𝙙𝙨: the US yield curve (10y-FF) at 158bps, the German curve (10Y Bunds-3M) at 44 bps. EuroArea AAA-rated bonds yield at 48bps. High Yield Spreads at 3,3.
👉 𝘾𝙤𝙢𝙢𝙤𝙙𝙞𝙩𝙞𝙚𝙨 (𝙚𝙭 𝙤𝙞𝙡): $GOLD +1,3% – waking up lately
👉 𝙊𝙞𝙡: +4,3% on week.
👉 𝘾𝙪𝙧𝙧𝙚𝙣𝙘𝙞𝙚𝙨: DXY (Dollar Index) +0,0% on week, EURUSD +0,1%.

Best, GlobalAlphaS

Disclaimers: None of the ideas, views and thoughts presented here shall ever be taken as a recommendation to buy or sell stocks,bonds,FX,commodities or any other financial instruments as stated in REGULATION (EU) No 596/2014 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC or the Polish Act of 10 February 2017 amending the act on trading in financial instruments and some other acts. The article is for educational reasons and purely presents private views of the author, thus the author shall not be held accountable for any losses of a third party resulting from any potential trading activities in any instruments, both specifically or by category of assets. The author uses his best knowledge and data from sources believed to be reliable, but makes no representations as to the accuracy of the data.Full Disclaimers&Liability Limitations page.