🐻♉️↗️↘️↔️⚠️🚩🔺🔻🧮
Global Macro Review - 4/10/2022
1/11
The 💦🍋 has begun as the #FOMC drains the 👊🥣
And they are coming after YOU dear investor
"'The Fed needs to 'inflict more losses' on the stock market in order to rein in soaring inflation.’”
Let’s dig into the 🧮!
2/11
Realizing the Fed bid is no more, bonds headed for the ⛰️⛰️
10/2s steepened ↗️ to 18.6 BPS from #inversion the week earlier
MOVE 125.96 🛗🔺
Chart: $TNX with a new cycle high 2.72% - there’s no reason this cannot go to 5-6%
3/11
Bond ETFs go 'no bid' as the 🐻🐻 continue to roam
$TLT -5.5% (w) -12.05% (T) = 3 mos
$BNDD -5.45% (w) -2.2% (T)
$LQD -3.2% (w) -9.65% (T)
$HYG -2.1% (w) -6.55% (T)
$TIP -1.2% (w) -3.65% (T)
$IVOL +1.6% (w) -3.75% (T) ⬅️
Chart: Despite #inflation, $TIP no place to hide
4/11
The $USD ripped to a new cycle high ↗️
$UUP +1.25% (w) +3.95% (T)
$FXC -0.5% (w) +0.45% (T)
$FXA -0.6% (w) +3.8% (T)
$FXF -0.95% (w) -1.95% (T)
$FXB -0.6% (w) +4.2% (T)
$FXE -1.6% (w) -4.55% (T)
$FXY -1.45% (w) -7.25% (T)
Chart: $FXE starting a new ↘️🦵
5/11
🇺🇸 equities got Dudley’s 🐻 🎵
$SPX -1.25% (w) -4.05% (T)
$COMPQ -3.85% (w) -8.20% (T)
$IWM -4.65% (w) -8.4% (T)
Chart: $IWM “look out below!” - next 🛑 185 ↘️
5a/11
Low beta ♣️ high beta
$SPLV +1.55% (w) +2.05% (T)
$SPHB -4.25% (w) -7.5% (T)
Chart: $SPLV +5.7% over (t) = 1 month duration as investors seek 🛖 from the ☔️
5b/11
Value ♣️ growth
$SPYV +0.3% (w) -0.9% (T)
$SPYG -2.65% (w) -6.85% (T)
Chart: $SPYV +5.7% over (t) duration
5c/11
#Quad4 sectors ↗️
$XLV +3.45% (w) +6.3% (T)
$XLE +3.2% (w) +29.65% (T)
$XLP +2.7% (w) +1.7% (T) 🆕♉️
$XLU +1.95% (w) +9.3% (T)
$XLRE +0.8% (w) +0.8% (T)
Chart: $XLV 🚀 to a new ATH
5d/11
Tech and discretionary resume 🐻📉
$XLK -3.8% (w) -8.15% (T)
$XLY -3.1% (w) -10.05% (T)
$XLI -2.5% (w) -6.45% (T)
Chart: $XLY use your discretion and 🩳
6/11
International indices faired no better 🐻📉
$HSI -0.75% (w) -6.9% (T)
$SSEC -0.95% (w) -9.15% (T)
$DAX -1.15% (w) -10.45% (T)
$KOSPI -1.45% (w) -8.6% (T)
$CAC -2.05% (w) -9.3% (T)
$NIKK -2.45% (w) -5.25% (T)
Chart: $NIKK - next 🛑 24K ↘️
6a/11
Top country ETFs
$IDX +2.4% (w) +6.9% (T)
$INDA +1.0% (w) -2.7% (T) 🐻
$EWU +0.8% (w) +0.65% (T)
$EWL +0.65% (w) -4.2% (T)
Chart: $IDX attempting a new ATH ♉️
7/11
Grains 🌽🌾 led commodities ↗️ ♉️
$CORN +3.5% (w) +25.4% (T)
$SUGAR +5.3% (w) +13.0% (T)
$SOYB +6.7% (w) +19.8% (T)
$WHEAT +7.5% (w) +39.5% (T)
Chart: $SUGAR +6.05% (t) - oh so sweet!
(unless you need to buy groceries)
8/11
Metals were ↔️ but remain ♉️ 📈
$PLAT -1.3% (w) +2.0% (T)
$COPPER +0.65% (w) +7.05% (T)
$SILVER +0.7% (w) +10.75% (T)
$GOLD +1.15% (w) +8.25% (T)
Chart: $SILVER - now that your #HE #furu has sold, all clear ↗️ ♉️
9/11
Ex-natty, hydrocarbons continue to correct within ♉️ 📈
$BRENT -1.9% (w) +25.45% (T)
$GASO -1.25% (w) +35.2% (T)
$WTIC -1.0% (w) +24.55% (T)
Chart: $WTIC 🛢 -10.15% over (t) duration with $OVX 53.14 🔻
9a/11
Natty is in a league of its own 🚀
Chart: $NATGAS +9.8% (w) +33.05% (t) +60.2% (T)
10/11
Wake up! ⏰
#FOMC is going to drain 95B/mo from the 👊🥣
They want $SPX 📉 and do not care about the lack of bond bid
#CPI Tuesday, #PPI Wednesday, and #OPEX Thursday on a short week #GoodFriday ✝️ 🌊🌊🌊
11/11
Options 🌊 supportive this week, per 🥐 #listen 🔗 👇🏽 @jam_croissant
Thereafter ⚠️ 🚨
Lighten up #STFR, and have a super profitable 💰 week!
tdameritradenetwork.com/video/sentimen…
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