Heading into this week, I am seeing continued tightness on the Macro side. Oil is retreating to the lows of the range it has been in since the start of the war, however looking elsewhere it is notable that nominal yields 
US05Y , real yields DFII5 , and the dollar 
DXY while forward breakeven inflation expectations T5YIE continue to plummet. Investors are still demanding higher yields in the US.
I also think the pressure on precious metals can be understood as the market expecting higher rates to persist, while also not seeing to hedge against inflation. That also explains the bond market behavior. Despite real yields continuing to strongly outperform the S&P earnings yield, indices remain near all time highs. WithVIX moving and the volatility regime beginning to favor equities, will we see more intraday volatility repricing opportunities in the coming days? I think it is likely.
Macro Dashboard
FX Dashboard
Stock Dashboard
Volatility Dashboard
US05Y , real yields DFII5 , and the dollar DXY while forward breakeven inflation expectations T5YIE continue to plummet. Investors are still demanding higher yields in the US. I also think the pressure on precious metals can be understood as the market expecting higher rates to persist, while also not seeing to hedge against inflation. That also explains the bond market behavior. Despite real yields continuing to strongly outperform the S&P earnings yield, indices remain near all time highs. With
VIX moving and the volatility regime beginning to favor equities, will we see more intraday volatility repricing opportunities in the coming days? I think it is likely. Macro Dashboard
FX Dashboard
Stock Dashboard
Volatility Dashboard
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.