Three nights of US-Iran combat, including Iranian strikes on the US Fifth Fleet HQ in Bahrain and the Air Base in Kuwait, and gold fell. The market has now priced the seventh peace agreement with the bombs still landing.
...A salary used to buy a house. A pension used to fund retirement. Inflation used to be 2 per cent. And a job used to be safe. The data across the UK, the US and Canada now says all four promises are broken. Here’s the case, and what comes next.
...Dow and Uncle Russ tagged new highs again and rejected. Again. Top in?
Mr Theta did the heavy lifting on crude before the target even printed
RUT swing turned into a hedged zone with double-profit potential
Micron rocked up on the dance card with the 6 money making patterns
Apple raised iPad and MacBook prices 20 percent on memory costs and the stock paid back 6. The bond market did not engage. Either the rates side is right that this is a margin transfer, or it is wrong and chipflation is the next print the Fed has to chase. We can work out the shape from here.
...Apple raised iPad and MacBook prices 20 percent on memory costs and the stock paid back 6. The Dow set an all-time high. The Nasdaq logged a 4-day losing streak it had not managed since February. The bond market did not engage. Equity leadership did.
...Atlas now wears a Micron logo. MU jumped 16.57% pre-market on monster earnings and is holding up the whole index.
The chart setup leapfrogs two corrective pullbacks and the last swing high. Day-traders are salivating.
I’m dusting off the “at the open” gap-trading systems from the archive. Get me some of that.
Bitcoin bears out of hibernation, target revised down. Crude a cat’s whisker from $65.