SPCX and peace deal

Monica Kingsley Monicakingsley

SPCX IPO is behind us, and the first day didn‘t go all too bad (certainly better than feared given the current profitability and valuations). S&P 500 with especially Nasdaq had an opening bell bout of weakness followed by decent stabilization and recovery as called for clients.

Part of the move can be assigned to peace – memorandum expectations – so where does it leave us given that it started looking already Saturday nothing would happen? It would not be derailed it would not send oil spiking – check out the coming dollar chart, and how it‘s driven by rising yields alongside rising inflation prospects.

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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