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Potential relief bounce expected, US government may shut downđ
Looking ahead, we might see a relief bounce into month-end as we saw with the SPX yesterday, and a variety of short-term technical indicators are flashing oversold signals across both bonds and fixed income. With that being said, we think the only suitable positions for the current market are simply flat or short, and knife-catching to be an exercise in futility. Furthermore, the US govt does appear to be heading into a partial shut-down as early as this weekend as the GOP does not appear to be able to come up with a consensus, adding significant uncertainty to a market that is already reeling from a maelstrom of unfriendly macro forces.
#SPX #bonds #shutdown #GOP #macro
Looking ahead, we might see a relief bounce into month-end as we saw with the SPX yesterday, and a variety of short-term technical indicators are flashing oversold signals across both bonds and fixed income. With that being said, we think the only suitable positions for the current market are simply flat or short, and knife-catching to be an exercise in futility. Furthermore, the US govt does appear to be heading into a partial shut-down as early as this weekend as the GOP does not appear to be able to come up with a consensus, adding significant uncertainty to a market that is already reeling from a maelstrom of unfriendly macro forces.
#SPX #bonds #shutdown #GOP #macro
Donald Trump, the ever-emboldened former U.S. president, is once again stepping into the spotlight, this time for an interview with Elon Musk, the wealthy owner of X. Trump made the announcement on Truth Social, his own platform, where he often shares his unfiltered thoughts. The interview is set to cover a range of topics, including their friendship, Trumpâs 2024 presidential run, and their shared disdain for the "Radical Left" and mainstream media.
Elon, who has been cozying up to Trump since reactivating his Twitter account, is expected to offer his usual impromptu and cryptic takes on trade, jobs, inflation, and the economy. Interestingly, Trump has recently become more open to cryptocurrencies, accepting them for campaign donations and even attending the Nashville Bitcoin 2024 conference.
Several big names in the crypto space, such as the Winklevoss twins and Ripple CEO Brad Garlinghouse, have also thrown their support behind Trump. This alliance could shake up the 2024 election, positioning Elon as a potential kingmaker and signaling that the tech community isnât entirely against Trump. For Elon, backing Trump might be a way to secure his place in the political arena and reinforce his importance to the GOP.
While the exact timing of the interview remains a mystery, one thing is certain: chaos and unpredictability are likely to follow.
#Bitcoin #GOP #TechCommunity #WinklevossTwins #Ripple
Elon, who has been cozying up to Trump since reactivating his Twitter account, is expected to offer his usual impromptu and cryptic takes on trade, jobs, inflation, and the economy. Interestingly, Trump has recently become more open to cryptocurrencies, accepting them for campaign donations and even attending the Nashville Bitcoin 2024 conference.
Several big names in the crypto space, such as the Winklevoss twins and Ripple CEO Brad Garlinghouse, have also thrown their support behind Trump. This alliance could shake up the 2024 election, positioning Elon as a potential kingmaker and signaling that the tech community isnât entirely against Trump. For Elon, backing Trump might be a way to secure his place in the political arena and reinforce his importance to the GOP.
While the exact timing of the interview remains a mystery, one thing is certain: chaos and unpredictability are likely to follow.
#Bitcoin #GOP #TechCommunity #WinklevossTwins #Ripple
