“Unless commitment is made there are only promises and hopes, but no plans.” – Peter Drucker
Markets continue to hover at key inflection points as the misinformation continues with a very biased news feed.
Despite all the wheeling and dealing, DXY and therefore the Euro, remain stuck in a range, whilst the really interesting action started in the metals and is slowly moving into the equity space. Keep an eye on how the metals continue to trade and how they manage to tackle the all too common ‘Whac-A-Mole’ attempts that we continue to see at the all too usual times.
Last week started with the focus on what was shaping up in the metals complex. We started this week focusing on individual sector performance, then we reviewed the action FANGs and today we will drill down on the Yen and the Nikkei.
As already discussed, we are hovering around key inflection points across the board and the weekly closes will likely provide very important clues on how the next roations will play out.
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