Market On Open - Tuesday 17 October
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.
Now For The Hangover?
Heavy drinking of the Kool-Aid yesterday - everything up from crypto to tech to defense. Now, markets have been bumping along the lows of the A-B-C correction from the July highs, and when such reversals happen they can be violent, so a day like yesterday should not come as surprise. The question is whether we get follow up for the rest of the week, starting today. Equity and crypto futures are down at the time of writing (around 7am Eastern) but not dramatically so. We should look to the close to see how yesterday's up move was digested.
Paying members, scroll right down for our latest take on markets. As always we look at the 10-year yield, the S&P500, Nasdaq-100, Dow Jones and the Russell 2000; we consider long-term and short-term outlooks, and we lay out staff personal account trading plans in each of the indices. We add Bitcoin and Ether futures pricing for good measure.
Price Rises Coming Soon For New Joiners
Want to sign up as a paying member? Our 'Extended' 6-year membership pricing rises 1 November; Annual and Monthly memberships rise 1 December, so, now's a great time to beat the raise.
If you currently pay monthly, and want to move to annual, or if you're on a monthly or annual subscription and you want to move to Extended, same logic applies.