Quick reading Energy reserves are being depleted due to the blockage of the Strait of Hormuz with WTI crude oil at $112.25 a barrel (98.4th percentile of the 12-month range). The ECB and the Bank of Japan are set to raise rates in June, creating synchronized G7 rate-hike pressure that could compress financial conditions through…
Quick reading Bitcoin’s struggle to break through the $78,000 to $82,000 range is increasingly tied to macro pressure, not just technical resistance, as rising US Treasury yields tighten overall financial conditions. The rise in short-term yields to 4.09% is reinforcing tighter liquidity conditions, with markets increasingly pricing in delayed rate cuts and a sustained rise…
After a period of heightened volatility that sent shockwaves through stock and bond markets, a semblance of calm has returned. Notably, the S&P 500 index saw a 0.3% rally, and the Nasdaq 100 posted a 0.6% gain. The Cboe Volatility Index (VIX), which had recently reached its highest level since May, has now begun to…
Despite the stock market’s strong performance this week, there are growing fears about the earnings outlook for American companies. A significant number of companies offering guidance for the next quarter and beyond have offered estimates that are below analyst expectations. This has led to a forward guidance indicator, which compares corporate forecasts to the Wall…
