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Last Week of June, Q2, and H1 2024.
Returning from a business trip, I didn’t send an email for 2 weeks because I prefer to send it when I'm focused and clearly seeing the results. If I don’t have clear information, I don’t trade, and that’s not possible while traveling. Now back from my trip to Europe and China, we’re resuming. This last week has seen mixed results, and we have the PCE report on Friday, which could provide some signals about the direction of things.
Mixed data, uncertainty in the new highs of the S&P 500.
The month of June begins next week, and the indices corrected quite a bit this week after reaching highs the previous week. They are currently in a local support zone, which, if we see a general bullish sentiment, could continue upward. However, as we mentioned, there are mixed feelings. Next week should bring more clarity.
NVDA Took It All: Excessive Optimism? Rate Cuts, Historic Highs in Commodities, and the Future of Crypto in the U.S.
The week of 05/27/2024 begins, and the market anticipates rate cuts, but inflation persists with commodities at all-time highs. China is reinforcing its gold reserves, and cryptocurrency is moving strongly as the FED and U.S. policy navigate an uncertain future. Is the shortest bull market in history about to come to an end.
Encouraging Data: Bullish Week
The week of 05/20/2024 begins, and we saw good performance last week thanks to encouraging—or rather, non-pessimistic—inflation data, which provided a significant upward boost. However, we need to stay alert because, while the CPI (Consumer Price Index) was "good," the PPI (Producer Price Index) wasn't as favorable, and that will eventually transfer to consumers.
