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1 week ago | 
fxstreet.com | Monica Kingsley
S&P 500 broke above the NFPs high, and tame unemployment claims are part of the story as China tariff standoff resolution is in the air increasingly more. That‘s been the tariff malaise I discussed in yesterday‘s video mapping the positioning for client gains swing and intraday (over 30pts ES and 140pts NDX).
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1 week ago | 
fxstreet.es | Monica Kingsley
El S&P 500 se consolidó antes del FOMC, y el tiempo de la conferencia fue el tiempo de despegue. Me gusta especialmente que Powell simplemente haya mencionado la inflación y las crecientes incertidumbres del mercado laboral sin hacer realmente nada, y las noticias sobre la reducción mundial de los chips se encargaron del resto.
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1 week ago | 
fxstreet.com | Monica Kingsley
S&P 500 consolidated ahead of FOMC, and conference time was liftoff time – expectations clearly shared with clients swing and intraday, further specified in their premium Telegram channels as time went… what a great day!I specifically like Powell just bringing up inflation and job market uncertainties rising without really doing anything, and the global chips curb news took care of the rest – timely access to all my thoughts had won again for clients.
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1 week ago | 
fxstreet.es | Monica Kingsley
El S&P 500 tuvo una jornada de aversión al riesgo sin caer, gracias en gran parte al anuncio de Bessent sobre un anuncio la próxima semana. Si bien Powell no recortará las tasas, un mensaje de flexibilización está sobre la mesa, y espero algún tipo de garantía verbal, junto con un enfoque en el mercado laboral. La reacción de China al recorte de tasas (clara política acomodaticia) no es una buena noticia para el próximo marco de acuerdo arancelario que Wall Street desearía ver.
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1 week ago | 
fxstreet.com | Monica Kingsley
S&P 500 had a risk-off day without breaking down, thanks in no small part to Bessent‘s announcement about an announcement some day next week. While Powell won‘t cut, accommodative messaging is on the table for today, and I look for some kind of verbal assurance coupled with job market focus. China rate cut reaction (clear accommodation) is not a good news for upcoming tariff deal framework that Wall Street would love to see.
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1 week ago | 
fxstreet.com | Monica Kingsley
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).
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2 weeks ago | 
fxstreet.com | Monica Kingsley
S&P 500 took a dive before the closing bell, and the bond market was positioned a certain way alongside the dollar too. Connecting the job market and (manufacturing) PMI data, the case is clear for NFPs undershoot – and even the market itself might be just more than surprised. That‘s what I talk in today‘s throught-proviking video – touching also on latest earnings be it AAPL or AMZN especially guidance. All eyes on the Dollar.
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2 weeks ago | 
fxstreet.es | Monica Kingsley
El S&P 500 cayó debido a los malos datos de cambio de empleo de ADP y del PIB, el beta alto fue el más afectado y la visión sectorial se tornó aversiva al riesgo hasta el cierre – sin embargo, las ofertas comenzaron a regresar, dejando la perspectiva diaria como neutral… hasta la hora clave, que es cuando la posición de ganancias de MSFT y META salió a la luz. No hubo aranceles ni otra explicación para eso – fue pura posición ya que la oferta abrumó a los mercados en esencialmente 45 minutos.
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2 weeks ago | 
fxstreet.com | Monica Kingsley
S&P 500 duly tank on poor ADP employment change and GDP data, high beta was hit hardest and sectoral view risk-off till the close – yet bid started returning, rendering the daily view as neutral… all the way till the power hour, which is when MSFT and META earnings positioning came to the fore. There was no tariff or other explanation for that – pure positioning as bid overwhelmed the markets within essentially 45 minutes.
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2 weeks ago | 
fxstreet.com | Monica Kingsley
S&P 500 broke below 5,515 on poor ADP employment change and advance GDP coupled with price beat. That says it all, and while stocks somehow shook off SMCI miss, the plunge in yields especially on the short end, has gotten more good confirmation in the data just in, that‘s what I talked about hard data catching up to (poor) soft data around the weekend.
