Market When Closed, Sunday 9 February
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But Of Course!
by Alex King, CEO, Cestrian Capital Research, Inc
Ha. Thursday last week before the open I wrote this as the preamble to our usual daily chart-fest.
This is kind of strange. Right now there is no particular narrative or move roiling markets. I am sure this will change in about 5 minutes but at the time of writing it seems like maybe we should just …. get on and look at some charts.
(When today’s psychodrama breaks we can talk about it tomorrow. Or maybe by then more craziness will have happened and then we’ll have to talk about that instead).
Well, as sure as eggs is … unavailable, along came the drama to put the boot into an otherwise easy-up week. Friday morning, all good; Friday afternoon, again, choose your own justification, either a technical retrace caused by weekly options expiry and the associated re-hedging flows, or a linear response to a potential tariff-bomb from the White House, or rising fear of inflation and rate hikes per the Michigan survey. Doesn’t really matter which. What matters is to try to get a fix on where risk asset pricing stands in the current market and which way next for stocks, bonds, volatility, oil and key sectors. We take a look at the long- and short-term perspective below.
Short- And Medium-Term Market Analysis
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