GOOGL, tariffs and USD
|S&P 500 was fun to trade yesterday – initially bears were the favored side, and the intraday reversal well before the EST noon was nicely telegraphed too. I‘m going into the details as regards gold as well in today‘s fast packed video. Given today‘s incoming data being on the relatively good side, and USD raising its head, this presents a certain dynamic to equities too… would the risk-on sectoral view of SPX last? Clients already have my outlook, and I will keep covering intraday (manufacturing and services PMI with 10y TIPS auction coming). Calm down, USD bulls...
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