A New Watchlist Based on Deep Math

As promised, we dig into the world of Quantitative Value and reversion.

Action to Take: Markets remain neutral ahead of tomorrow's CPI, with technical levels dictating near-term direction. For SPY traders, $605.75 is still the immediate hurdle to the upside, while losing $600 could trigger a structural sell-off. QQQ faces similar pressure, with $530 resistance and $520 support levels in focus.

With all major indices teetering on bearish MACD crossovers, risk/reward favors caution. Protecting capital takes priority over chasing returns.

Market outlook:

• Futures lower: S&P -31bps, Nasdaq -48bps, Russell -62bps

• WTI crude up over 1% to $73.32 on tighter Iran/Russia sanctions; marks third day of gains

• Gold hits fresh record at $2,942 before pulling back from overbought levels

• Powell heads to Capitol Hill to testify before the Senate at 10 am; banking regulation and Trump's economic policies take center stage

• German natural gas storage hits critical levels; regulator considers subsidies to rebuild reserves ahead of next winter’s demand spike.

• The EU promises swift retal…