Visibility: Public
Read/Watch Time: 52 minutes – critical status
Here is the update from 30,000 feet plus a deeper dive into strange behavior.
I cover the usual suspects like Gold (GLD), Oil, Interest Rates, Bonds (TLT), Crypto (Bitcoin), S&P500 (SPY), Nas100 (QQQ), Russell 2000 (IWM), VIX, VXN and others.
We visited our favorite site for econ data and looked at inflation: https://tradingeconomics.com/united-states/inflation-cpi
Does the Yield Curve Inversion matter? https://www.investopedia.com/terms/i/invertedyieldcurve.asp
Are we expecting more interest rate hikes by the Fed?: https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
Are Bearish Engulfing Candles important?: https://www.investopedia.com/terms/b/bearishengulfingp.asp
I think the VXX might be broken: https://www.tastytrade.com/news-insights/vxx-what-does-barclays-vxx-oil-suspension-mean
Be careful out there. The market seems to have one foot in the abyss and one foot on a banana peel.
Feel free to teach this to your family and friends. We appreciate the referrals.
Here is the link to the video: https://squiggletrader.com/wp-content/uploads/2022/04/Markets-Update-Slippery-04232022.mp4
Cheers!
Bo – Chief Squiggler
Help Yourself. Help Others.
Disclaimer
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