It’s the weekly commodity edition of What the FICC?
Since I’ve been under the weather this week, I wanted to share three of my favorite charts from the entire FICC space heading into the weekend.
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly commodity edition of What the FICC?
Since I’ve been under the weather this week, I wanted to share three of my favorite charts from the entire FICC space heading into the weekend.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Forget about what Powell said or whatever you heard on the street.
We’re still looking for risk assets to buy.
That includes stocks and commodities. Despite the dollar applying downside pressure to risk assets this morning, I want to share one commodity that looks ready to rip…
by Ian Culley
From the Desk of Ian Culley
The FOMC handed down the expected 25 basis point rate hike yesterday. Yet markets didn’t react until Fed Chair Jerome Powell spoke 30 minutes later.
That’s right, he dropped the D-word – “disinflation.”
To be clear, I don’t care what he said. Instead of hanging on the Fed Chair’s words, I prefer to focus on the markets. I find it more enjoyable.
But, boy, did markets respond!
The most striking aspect of yesterday’s reaction was highlighted by the relative strength of growth stocks.
by Ian Culley
From the Desk of Ian Culley @IanCulley
Everyone wants to know where the dollar is headed next.
It’s great investors are showing interest in the dollar, while understanding the impact it has on risk assets at the moment.
But I have no idea where the dollar is headed. No one does.
Regardless, I can still form a framework to help make the best logical guess despite an incomplete data set. That’s what we do at All Star Charts!
So let’s recap three points I’ve made regarding the dollar in recent months that I believe hold the greatest weight…
by Ian Culley
It’s the weekly Gold Rush!
While Gold futures digest overhead supply, strength broadens across the metals space.
Check it out… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Plenty of gold bugs have Krugerrands buried in their backyard or basement – if not secured in a safety deposit box at their local bank.
It’s no wonder gold falls under the “end-of-the-world” category of assets.
Regardless, gold prices can also rise with risk assets.
I raise this point not only as an important reminder but because it’s pivotal to understanding our bullish thesis for precious metals.
It’s a metals story…. [Read more…]
by Ian Culley
It’s the weekly commodity edition of What the FICC?
I have to imagine Uranium stocks catch a bid if copper and gold are ripping higher.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodity prices remain elevated despite easing inflationary pressures.
It’s evident in the two overarching themes across the commodity space – resilience at the index level and relative strength from metals.
I’ve been vocal about both, urging readers not to fight DR. Copper while teasing the possibility of Gold reaching 5K. I’m serious about both!
Strength likely spills over into the periphery if we’re in an environment where gold and copper print fresh highs.
That brings us to my favorite chart this week…