Thread by @tdarling1

Hello Friday and the week to date

$GBP +0.12%
$GOLD +0.1%
$USD -0.19%

$TLT +0.73%
$HYG +0.29%
$TNX +0.26%

$COMPQ +3.34%
$NIKK +3.05%
$DAX +0.66%

$DBA +2.16%
#Bitcoin +1.47%
$COPPER +0.47%
$SILVER +038%
$DBC -0.16%
$WTIC -0.77%
$NATGAS -10.13%

Let's dig into the market 🧮!

Asia finished the week on ↗️

$NIKK 27383 +0.05%
$SSEC 🐰
$TWII 14933 +0.05%
$HSI 22689 +0.55%
$KOSPI 2484 +0.62%
$IDX 6899 +0.5%

Australia ↗️
$ASX 7494 +0.35%

India ↘️🐻
$BSE 59085 -1.85%

Europe trading ↗️ but tight

$DAX 15147 +0.1%
$FTSE 7770 +0.1%
$CAC 7171 +0.05%
$AEX 750 +0.3%
$IBEX 9039 +0.05%
$MIB 26246 +0.1%
$SMI 11329 +0.1%
$MOEX 2177 +0.45%

$VSTOXX 17.89

$DAX range = 14812 - 15580 ♉️

🇺🇸 futures ↘️ ahead of #PCE #inflation

$ES 4045 -0.4%
$NQ 11972 -0.65%
$RTY 1895 -0.15%

$VIX 18.91

$SPX range = 3926 - 4121 ♉️
$COMPQ range = 10842 - 11601 ♉️
$IWM range = 181 - 192 ♉️
$VIX range = 17.89 - 23.26 🐻

GOLD ↘️ with metals ↔️

$GOLD 1927 -0.1%
$SILVER 23.87 -0.6%
$COPPER 4.277 +0.2%
$PLAT 1019 -0.45%
$PALL 1661 -0.15%
$ALI 2651 +0.45%
$ZINC 3502 +0.45%

$GVZ 15.59 🔻

$GOLD range = 1887 - 1967 ♉️
$SILVER range = 23.40 - 24.76 ♉️
$COPPER range = 4.07 - 4.46 ♉️

Hydrocarbons ↔️ with 🛢️🔺 Natty ⛽️🔻

$WTIC 82.05 +1.3%
$BRENT 88.62 +1.3%
$GASO 2.643 +1.2%
$NATGAS 2.792 -1.855

$OVX 38.12

$WTIC range = 72.75 - 83.79 🐻
$NATGAS range = 2.62 - 3.65 🐻
$DBC range = 24.49 - 25.53 ↔️

Grains transitioning to ♉️

$WHEAT 750 -0.2%
$CORN 683 +0.2%
$SOYB 1522 +0.05%
$SUGAR 20.80 +0.4%

$COFFEE ☕️ 168.45 +0.75%

$DBA range = 19.11 - 20.18 ↔️ to ♉️

$USD ↔️

$EUR 1.088 -0.8%
$GBP 1.347 -0.3%
$AUD 0.711 -0.08%
$USD 101.692 +0.06%
$USDJPY 129.91 -0.23%
$USDCHF 0.921 +0.09%
$USDCAD 1.332 +0.02%
$USDCNY 6.783 unch

#FX vol 10.20

$USD range = 100.70 - 104.79 🐻
$GBP range = 1.221 - 1.251 ♉️

#Cryptocurrencies

$BTC 22941 -0.3%
$ETH 1578 -1.45%

#Bitcoin range = 20862 - 24988 ♉️

UST yields ↗️ across the ⤴️
10/2s to -67 bps
10Y3M to -117 bps

MOVE 104.28 🔻⬅️

$TNX range = 3.28 - 3.59 🐻
$TLT range = 104.93 - 110.42 ♉️

Global 10Ys
UST 3.548
GILT 3.351
BUND 2.259
ITA 4.255
JPN 0.493
AUS 3.575
CAN 2.866

The 🐻s are on the prowl ahead of #PCE #inflation

Expectations:
PCE +0.1% m/m; +5.1% y/y
Core PCE +0.3% m/m; +4.6% y/y ⬅️

Lots of concern about the left tail 🐻, but shouldn't you be just as concerned about the right tail ♉️?

👁‍🗨 on #PCE have a super profitable 💰 day!