Week52 MacroTechnicals - Santa Claus is coming to [low-vol] town
Low post-OPEX vol supports odds of a late Santa-rally, bullish SPX above 6840. Metals are stretched with a few reasons for risk of a pullback. Ueda could jolt JPY.
Low post-OPEX vol supports odds of a late Santa-rally, bullish SPX above 6840. Metals are stretched with a few reasons for risk of a pullback. Ueda could jolt JPY.
US–Iran escalation. AI competition.
Meaningful risk of bearish regime-shift
Tension between tighter liquidity and positive sentiment continues...
Quarter-end review and just more of the same risks - AI capex and model commoditisation, strong growth and inflation, and tigher fincon