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Bonds Hit 22-Year Low and Gold Just Sat There. One Side Is Wrong.

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ticker lesson

Breakdown

0:10lesson

Inflation fears and market splintering

  • Inflation fears remain on the march
  • Markets splintering about what to do about it
  • Price action analyzed for likely outcomes
2:50WTI· ticker

Crude oil testing range underside

  • Crude oil up again
  • Daily chart shows oil testing range underside
  • Long wick today
5:26Oil· ticker

Oil break higher toward 100-101

  • Break higher toward 100-101 a barrel
  • Strong economic data from US yesterday
  • S&P global PMIs show blistering activity
8:05Fed· ticker

Fed's inflation concerns and rate hikes

  • Fed faces sticky inflation concerns
  • Market expects at least one more rate hike
  • Fed's 4.1% rate target for this year
10:33EUR· ticker

Euro sinking as dollar strengthens

  • Euro sinking
  • Dollar strengthening
  • Support shelf in 114 area
10:34Bonds· ticker

Bonds cracking lower

  • Bonds cracked lower
  • Retest of chart cleanly
  • Support sliced through, pushing to 19-year highs
10:35Russell· ticker

Russell testing lows from earlier

  • Russell testing lows from earlier in the month
  • Similar story to oil with retest before extension
  • More chop due to AI inflation narrative
10:36Gold· ticker

Gold holding range despite yields

  • Gold down but holding range
  • Yields surging but gold not cratering
  • Similar story in silver
10:37Bitcoin· ticker

Bitcoin holding upside breakout

  • Bitcoin holding upside breakout
  • Path of least resistance to build base
  • Push meaningfully higher toward year highs
10:38USO· ticker

USO call vertical for long oil

  • Long oil through USO call vertical
  • Market bifurcation in asset classes
  • Gold, silver, Bitcoin sniffing something different
10:39lesson

Market positioning and trade ideas

  • Long gold, long dollar, short pound, short euro
  • Short Canadian dollar, long Bitcoin
  • Short Russell through put vertical, long silver through call vertical

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