Stocks, Oil and war
|S&P 500 retracing overnight selloff after Israeli surprise and success till real, heavy Iranian response – such was Friday‘s session. Sellers at the opening bell were overpowered, and 5,970s stood till the close – so what action do I see unfolding in terms of risk taking in stocks and USD, what picture does oil with gold paint?
Note I didn‘t call for silver to have a great day Friday – BTC is a bit tracking risk sentiment as seen in various ratios related to Nasdaq, and real assets overall provide guarded picture heading into the next week.
Focusing on charts and further Mideast developments, that‘s what I cover at length in the most extensive weekend video lasting almost 40min – make sure to review the clues and direct predictions not only as regards the USD targets, interest rates, sectors perspectives of upcoming S&P 500 moves (the internals), and of course actual developments on the ground the way I see them unfold, events that would drive safe haven pumps and dumps.
This goes beyond gold, oil, USD or yields – get ready for turbulence and the necessity to update supports and resistances as next week progresses. Short-dated Treasuries sure command the bid ever since the Liberation Day.
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