Hello Labor Day ๐บ๐ธ!
Other than the $USD, very little that was in the green long side last week. This morning, commodities are bouncing but equities โ๏ธ
Letโs review the week and the real-time ๐งฎ!
๐งต
Asia ๐ช๐ฉธ last week with $HSI -3.55%, $NIKK -3.45%, and $KOSPI -2.9%.
A big decline in $CPI to +8.5% y/y, โ the July services #PMI โ๏ธ โ #NFP โ๏ธ, kept the ๐ฅ burning on risk assets - enough to lure the โ๏ธ
Is this a new โ๏ธ market or the end of the ๐ป rally?
Letโs dig into the ๐งฎ!
2/7
Equity volatility โ๏ธ across market and ๐ป Trend (T)