Stocks Analysis by Michael Kramer covering: EUR/USD, S&P 500, Euro Stoxx 50, US Dollar Index Futures. Read Michael Kramer's latest article on Investing.com
, and it still sits just below that trend line, which could lead to a more significant move after nearly a year of sideways consolidation. The momentum index is positive, and the
Despite the widening of spreads in Europe yesterday and in the ITRAXX XOVER Index, we didn’t see that happen in the US, with high-yield credit spreads trading flat.rising by just nine bps ahead of the PCE report. Based on estimates, the PCE isn’t expected to be much of an event, and I have nothing to say.1-Day hardly moved, rising to just 10.8, which tells you the market isn’t very concerned. It also means that an implied volatility crush isn’t likely to develop tomorrow.
Again, the overall market conditions have played out as expected, with reserve balances falling sharply this week and gamma at sharply reduced levels. But to this point, the conditions haven’t been enough.
S&P 500 Euro Stoxx 50 US Dollar Index Futures
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