US equities are choppy, if still net higher. Silver has leaned upward to $30.58, helped by the USD -0.5% at 109.24.
sp’60min
VIX’60min
Summary
*we’re finding strong resistance around key price threshold of 5868.
This morning’s PPI was on the warmer side, and on reflection, its kinda surprising we’re opened higher. In any case… basic target is around 5900.
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notable stock: META
META would no doubt prefer Tiktok was banned, rather than bought by Elon.
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notable weakness: NVDA
The early gains of +2%… fully eroded to -1.1%, but that does NOT merit any hysteria.
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notable Dow component: BA
Yet again… testing the 200dma.
A key stock to watch… even if you never trade it.
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notable retail: SIG
Earnings were another reminder of the broken consumer…
EPS 24cents vs 33est. Rev’ y/y -3.1% to $1.35bn vs 1.37est. Weak guidance.
Time for lunch