Market On Open, Tuesday 16 July

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Meandering, Pending Cuts

by Alex King

At some point soon I would expect the Fed to join the rate-cut cycle that has already commenced elsewhere in the world. The question will then be, what wins? Q3 seasonality in an election year, which means, probably equities struggle into October or so; or, order flow driven gains in equities as cash comes out of money market accounts (as the return on offer there will fall) and back into equities?

Speaking technically, most equity charts we look at right now are pointing up, and speaking for myself, whenever I have allowed my own opinion to get into a fight with a chart, the chart usually wins.

So Let’s Get To Work

As always in our market notes, we deal with long- and short-term charts covering the main US equity indices - that’s the S&P500, Nasdaq-100, Dow Jones-30, and the Russell 2000 - plus bonds, volatility, oil, and key sector ETFs. You can use these daily notes to help you navigate long-term investments, and/or to help you action short-term trading. Any paid-tier subscription here gets you these notes every trading day.

Short- And Medium-Term Market Analysis