NOVEMBER 24, 2024 OBSERVATIONS
A calm Thanksgiving week ahead. Watch for PCE nearing 2%, a possible DXY blowoff top, and crypto cooling as BTC hits the 100K milestone.
NOVEMBER 17, 2024 OBSERVATIONS
NOVEMBER 10, 2024 OBSERVATIONS
As expected, a republican sweep is leading to strong outperformance in risk markets. The S&P 500 rose 2.49%, the QQQ rose 2.72%, and the IWM rose an astounding 5.79% the day after the election.
NOVEMBER 3, 2024 OBSERVATIONS
As discussed in prior weeks, broad equity price action will remain choppy around the top until the election results are clear. The worst-case scenario would be a contested split election while I believe the most bullish case would be a Republican sweep.
