US equities are choppy, if cooling back… with the rats (rightly) twitchy ahead of the holiday break.
sp’60min
VIX’60min
Summary
Rates were naturally left unchanged. If inflation ticks just a touch higher in the next report, there will be ZERO reason to expect any cuts until at least Oct/Nov’.
As for equities… in theory, we should expect some degree of rats selling into the holiday.
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notable stock: LMT
A few days of swings.
A break >200dma will offer around $550, as appears a given.
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notable semicon: AMD
Yesterday’s black candle played out.
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notable strength: COIN
Launching a stablecoin platform
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notable steel: CLF
The m/t horror continues.
I should venture outside. back at the close…