Markets haven’t changed much since yesterday when we saw some dollar weakness while US yields rebounded. At the same time, stocks are coming slightly lower, especially in Europe, due to ongoing uncertainty around tariffs. As you know, it’s still unclear what kind of deal—if any—will be made between the US and Europe, and this could keep stocks in a sideways or neutral mode until some news comes out of those negotiations. Even the dollar index isn’t showing clear direction at the moment, but note there’s still an unfilled Sunday gap around 98.62. Maybe that one needs to be filled before we eventually see an important reversal lower, especially since the entire move up from July 1st still looks like a complex corrective.
On stocks, SPX is still pushing higher but seasonals shows that end of July, and August can be some months of a slowdown. On the Cryptos field, prices are making some nice rise, and looks like Ethereum is the most interesting to watch.
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Grega
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