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.
Long-end tantrum may be done for now
Risk view stays bearish: tighter liquidity conditions ongoing AI concerns, weak equity leadership, vol expansion,
US–Iran escalation. AI competition.
Meaningful risk of bearish regime-shift