US equities saw considerable chop, with the SPX settling +17pts (0.3%) to 6512.
sp’weekly1b
Summary
SPX: weekly momentum continues to weaken, still prone to turning negative by end month. On a break… basic downside target is around 6K
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Stock of the day
The Dow component of Unitedhealth settled +8.6% to 347.92.
Teal gap… partly filled.
If the main market breaks lower… we’ve a downside gap to 300/280.
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Looking ahead
Wednesday will see Producer Prices, consensus:
Headline y/y: 3.3% vs 3.3% prior
Core y/y: 3.5% vs 3.7% prior
Other data: wholesale invent’, EIA Pet’ report
Earnings: $CHWY $TEN $DAKT $ZENV $LSAK $OXM $CULP $VNCE
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Final note
Many are dismissive of the threat of WWIII, but the west has been in a proxy war against Russia for 3.5 years.
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Vietnam Erases 86 Million Bank Accounts – The Great Reset in Motion
Everything from banking to renting an apartment is linked to the digital ID. One wrong move and the government can completely erase someone from the system… The Vietnamese government has the power to halt a person’s life instantaneously. – Armstrong
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*I’ve not watched, but I’d argue that silver demand could be expected to increase into the next decade.
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More silver chatter.
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As for many… its a nightmare.
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… as even the BLS downgraded job gains by -911K for the 12mths to March 2025.
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The next crisis will be the excuse for converting ALL financial accounts to stablecoins, which are programmable. They are effectively the CBDCs that some have been warning about. I see ZERO hope of this not happening.
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The Youtube algo recommended this to me last evening…
… which then saw me watching…
Titan: The Oceangate Disaster (2025), Netflix $NFLX
… and…
Implosion: The Titanic Sub Disaster (2025), Discovery $WBD
A collective three and a half hours, for what were two fascinating documentaries.
A story of a toxic work culture, a CEO who cared nothing about safety, and one of the most scary adversaries of all… the ocean.
Goodnight from London