Pre-FOMC hesitation or more
|S&P 500 bulls came back from the premarket correction Monday, will they repeat it Tuesday too? No data today really, but Bessent and Canada PM are ahead while India is saying talks are going extremely well. Yesterday‘s key development had been USD returning back below 100 (implications for gold, silver and oil talked already), yet today‘s USDX setup dialed back any sour USDX taste of yesterday (provided it lasts into the close, that is).
Equities yesterday were fine for quick daytrading gains, and today‘s video dives into bonds, volatility (is it calming down?) and again USD together with specifying the nearest ES support, so make sure to review it alongside the extensive weekend video. China and EU deal is „nice“, and US needs to announce and conclude some framework soon so that the market can get some love.
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