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Stocks Hit Record High. Can the Fed Minutes Keep the Party Going?
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ticker lesson
Breakdown
0:10lesson
Macro market overview
- S&P 500 at record high
- NASDAQ also at record high
- Markets waiting for macro news
- Macro Money show with Ilas Spac
2:37SPY· ticker
SPY price action
- S&P 500 breakout attempt
- 8-hour chart secured close
- December contract tentative
- Benchmark ETF made turn
5:05IWM· ticker
IWM price action
- Put vertical in IWM working
- Risk on tone echoing into other markets
- Gold holding bottom levels
- Silver trying to round bottom
7:34BTC· ticker
Bitcoin price action
- Bitcoin holding swing high from late September
- Overall structure well supported
- Biased to top side
10:05EUR· ticker
Euro price action
- Euro higher despite Paris protests
- Positive RSI divergence
- Dollar in weaker state
- Aussie and Canadian dollar extending higher
12:41SPY· ticker
SPY put vertical
- Exited SPY put vertical
- Put vertical in IWM working
- Looking to add to position
14:48Gold· ticker
Gold price action
- Gold finding bottom
- Trying to put in base
- Gold and silver reflecting weaker dollar
14:49Silver· ticker
Silver price action
- Silver trying to round bottom
- Reflecting weaker dollar
14:50BTC· ticker
Bitcoin price action
- Bitcoin holding swing high from late September
- Overall structure well supported
- Biased to top side
14:51CAD· ticker
CAD price action
- Canadian dollar feeling more pep
- Exited short CAD position
- Relentless selloff turning
14:52GBP· ticker
GBP price action
- Looking at GBP turn at critical levels
- Long GBP position
14:53Fed· ticker
Fed rate hike outlook
- 81% chance of no rate hike in October
- 98% chance of hike in December
- Fed endorsed this version
14:54PCE· ticker
PCE inflation data
- 3-month annualized PCE at 2%
- Inflation peaked in May
- Declining since
14:55GDP· ticker
GDP growth model
- Atlanta Fed GDP now growth model
- Third quarter GDP due on 29th October
14:56Fed· ticker
Fed minutes analysis
- Minutes likely to signal less aggressive hikes
- Fed not wanting to over-commit
- Surprise risk and volatility risk
14:57Gold· ticker
Gold positioning
- Still long gold
- Looking to add if levels cleared
- Gold reflecting weaker dollar
14:58AUD· ticker
AUD price action
- Started adding to long AUD position
- AUD extending higher
14:59GBP· ticker
GBP price action
- Long GBP position
- GBP trying to cultivate turn
15:00EUR· ticker
EUR price action
- Newly long EUR
- EUR showing resilience
- French and German bond spreads narrowed
15:01Bonds· ticker
Bonds price action
- Bonds stopped falling even at long end
- Call vertical in TLT
- Looking for bottom
15:02CL· ticker
Crude oil price action
- Still long crude oil
- Crude oil shrugged off losses
- At bottom of range
15:03XBI· ticker
XBI price action
- Newly short XBI
- Biotech ETF took big hit
- Export data for biotech fell
15:04Gold· ticker
Gold price action
- Still long gold
- Looking to add if levels cleared
15:05AUD· ticker
AUD price action
- Started adding to long AUD position
15:06GBP· ticker
GBP price action
- Long GBP position
15:07EUR· ticker
EUR price action
- Newly long EUR
- EUR showing resilience
15:08Brazil· ticker
Brazil exposure
- Still long Brazil
- Holding exposure for over a year
15:09SPY· ticker
SPY position
- A little bit short European stocks
- Put vertical on European stocks
15:10BTC· ticker
BTC position
- Long Bitcoin with call verticals
- Ample time left in call verticals
15:11IWM· ticker
IWM position
- Short IWM through put vertical
- Put vertical increasingly working
15:12Silver· ticker
Silver position
- Long silver with 10 days to expiration
- Risk of falling off the board
15:13Bonds· ticker
Bonds position
- Still long bonds with call vertical in TLT
- Looking for bottom
15:14CL· ticker
Crude oil position
- Still long crude oil with call vertical
- Crude oil shrugged off losses
15:15XBI· ticker
XBI position
- Newly short XBI
- Biotech ETF took big hit
15:16lesson
Macro Money wrap-up
- Macro Money show ends
- Returning Monday through Thursday
- Ilas Spac writes for tasty.com and comments on social media
Informational only — this is tastylive’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.