Thread by @tdarling1

Hello Thursday!

Santa 🎅 came and went, leaving $SPX holder +0.8% over the last 6 trading days of the year 🎁

🐫 also showed up, robbing $DBC holders -4.14% and $DBA holders -2.28%. $CRB under pressure -4.89% in 2 trading days.

Let's dig into the market 🧮!

Asia closed mostly ↗️ save 🇮🇩

$NIKK 25821 +0.4%
$SSEC 3155 +1.0%
$TWII 14301 +0.7%
$HSI 21052 +1.25%
$KOSPI 2265 +0.4%
$IDX 6654 -2.35% 🇮🇩

Australia ↔️
$ASX 7064 +0.05%

India ↘️
$BSE 60353 -0.5%

Europe ↔️ after $FEZ +4.25% to start the year

$DAX 14483 -0.05%
$FTSE 7612 +0.35%
$CAC 6765 +0.15%
$AEX 717 +0.05%
$IBEX 8589 +0.35%
$MIB 24879 +0.05%
$SMI 11091 -0.45%
$MOEX 2159 -0.45%

$VSTOXX 19.23 🔻

$DAX range = 13723 - 14511 ♉️

🇺🇸 futures drifting ↗️

$ES 3856 +0.1%
$NQ 10939 +0.2%
$RTY 1778 +0.5%

$VIX 22.08

$SPX range = 3749 - 3920 ♉️
$IWM range = 170 - 179 ♉️
$VIX range = 20.2 - 24.08 🐻

GOLD ↘️ with metals mostly ↗️

$GOLD 1852 -0.35%
$SILVER 23.635 -1.35%
$COPPER 3.826 +2.3%
$PLAT 1096 +0.4%
$PALL 1805 +0.5%
$ALI 2309 +1.9%
$ZINC 3024 +1.1%

$GVZ 17.35

$GOLD range = 23.22 - 24.73 ♉️
$SILVER range = 1813 - 1884 ♉️
$COPPER range = 3.65 - 3.9 ♉️

Hydrocarbons 🏀 ↗️

$WTIC 74.53 +2.3%
$BRENT 79.59 +2.25%
$GASO 2.299 +1.75%
$NATGAS 4.073 -2.35%

$OVX 45.83 🔺

$WTIC range = 70.41 - 81.49 🐻
$NATGAS range = 3.66 - 5.52 🐻
$DBC range = 23.16 - 24.18 🐻

Grains 🏀 ↗️

$WHEAT 750 +0.6%
$CORN 657 +0.55%
$SOYB 1484 +0.05%
$SUGAR 10.55 +0.05%

$COFFEE ☕️ 161.23 -0.05%

$DBA range = 19.34 - 19.84 🐻

$EUR ↗️ vs $GBP with $USD ↔️

$EUR 1.061 +0.08%
$GBP 1.202 -0.28%
$AUD 0.684 +0.03%
$USD 104.05 +0.03%
$USDJPY 132.56 -0.06%
$USDCHF 0.927 -0.25%
$USDCAD 1.35 +0.18%
$USDCNY 6.87 -0.27%

#FX vol 10.76

$USD range = 103.13 - 105.4 🐻
$GBP range = 1.192 - 1.238 ♉️

#Cryptocurrencies ↔️ with vol compressed

$BTC 16826 -0.15%
$ETH 1253 -0.35%

#Bitcoin range = 16466 - 16985 🐻

UST yields ↔️
10/2s to -69 bps
10Y3M to -83 bps

MOVE 125.78 🔻

$TNX range = 3.64 - 3.94 🐻
$TLT range = 98.25 - 104.53 🐻

Global 10Ys
UST 3.69
GILT 3.487
BUND 2.278
ITA 4.282
JPN 0.426
AUS 3.813
CAN 3.147

Speaking of an "an unwarranted easing of #FCI," #FOMC minutes reflect a doubling down on resolving the "large imbalance between labor supply and labor demand."

$AMZN +2.3% in the pre complied by 🪓🩸 17,000

Meanwhile, contrasting economic 🚦 with Redbook 🛍️ +10.2% y/y but ISM Manufacturing #PMIs -6 bps to 48.4 with new orders -200 bps to 45.2

The consumer remains 💪 and the Fed aims to change that by coming for your job

Don't fight the Fed and have a super profitable 💰 day!

United States Challenger Job Cuts:
"US-based employers announced 43,651 job cuts in December of 2022, less than 76,835 in November which was the biggest since January of 2021"

I think $AMZN and $CRM combined have done that in the first two days of January 🪓🩸