Republic Risk: Jobs Week and a Reminder About China
This week, we dig into a wall of economic data, the latest in China's struggling economy, and the surprising possibility of war in South America. Oh... risk.
Equity Index Strength Is GREEN on the S&P 500 and GREEN on the Russell 2000
Each morning, we assess the full flows of the market by measuring statistical metrics on a very specific number of stocks to determine broader sentiment and the momentum trend. When these readings turn red, we focus on cash, build trades around positive sectors, or take inverse positions against indices. When it is positive, we focus on short-squeeze stocks, companies with improving fundamentals, and trading/investing around the actions of corporate insiders.
Markets are rejecting the attempt by Fed Chair Jerome Powell to sound hawkish on interest rates heading into 2024. Markets expect weakness in the U.S. dollar, helping to pump gold and Bitcoin prices to annual highs. This week, markets have two critical updates on the U.S. jobs market.
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