If you think civil and political unrest should be slamming equities, I submit to you the year 1968https://t.co/RXQq2hF84Q β ukarlewitz (@ukarlewitz) June 2, 2020 Todayβs Chart of the Day was shared on Twitter by Urban Carmel (@Ukarlewitz). The S&P 500 has drifted higher over the past few sessions, in the face of some of the […]
Range-Bound
After a stellar June and July, markets have been hit in August. So far, we saw a nearly 7% drawdown from all-time highs on the S&P 500 ($SPX), but have rebounded over the last few trading sessions. However, even being so close to these highs, sentiment remains quite bearish, as we have pointed out in […]
Copper is Trying to Breakout
Copper is currently testing a key resistance level. It’s up nearly 10% so far in 2019. Today, it closed at its highest level in 7-months. Copper is an important industrial metal used in construction, electrical equipment, machinery and more. Because of its numerous industrial applications, it can serve as a barometer for global growth and […]