Mott Capital Management

#Stocks: $ #Macro: $SPX, $USDJPY $AUDJPY, $VIX Check out My Reading The Market’s Macro Subscription Service For More Content Daily:  RTM: Stocks Bounce Back RTM: Only The Beginning? RTM: FX …

Stocks got crushed on July 24, 2024, as the yen continues to unwind.

The Japanese Yen strengthen materially today against several FX pairs.

Stocks bounced back as implied volatility fell.

Stocks had a rough week, and may have put in major reversal tops.

Stocks drop for a second day.

The gap between the economic surprise index and the S&P 500 is growing wider.

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The 2022-2024 S&P 500 has risen more than the bubble of the 1998 to 2000 bubble.

Wingstop has been struggling as of late.

The S&P 500 triggered a reversal pattern on the daily and the weekly technical charts on Friday.

Europe and the US markets are on separate roads at this point.

It appears the market has entered something that looks like the matrix.

Stocks finished the day mostly lower despite, the S&P 500 rising thanks to Nvidia.

Stocks finished lower on the day after Nvidia and Bitcoin both fell by more than 6%.

Inflation swaps suddenly think inflation has vanished, and that is a big concern.

The NASDAQ 100 has reached some wildly overbought levels on the weekly charts.

The VIX was pegged below 13 the day before OPEX.

The NASDAQ 100 is now seen a 100% extension and has potentially completed a pattern.

Stocks traded mostly lower today, even though S&P 2 finished the day higher

The S&P 500 climbed above 70 on the RSI and upper Bollinger band today.

Stocks were mostly lower on the day despite a higher S&P 500.

The VIX 1day implied volatility level closed the day 8, and is typically much higher heading into a CPI and Fed Meeting.

The last holdouts looking for July Rate cuts are capulating.

Stocks finished the day flat ahead of the big May Job report

Stocks finished higher on the back of another day higher for Nvidia.

The number of stocks trading lower today, outpaced the number of stocks rising.

The number of stocks that were down on the far outpaced the winners

The next 7 to 10 day trading will be filled with market moving data and news.

Stocks were down on the S&P 500, but there was a clear rotation taking place beneath the surface.

The market has a noticeably different feel to it the last couple of days.

5/28/24 #Stocks: $NVDA #Macro: $SPX, $DOW, #Rates, $USDMXN, VIX Mike’s Reading The Markets Macro Subscription Service on Seeking Alpha RTM: Looks Can Be Deceiving RTM: 3-Day Weekend Price Action RTM: …

The April PCE report will be important for the path of monetary policy, while housing data will be equally as important.

5/23/24 #Stocks: #Macro: $SPX, #RATES, #DOLLAR Mike’s Reading The Markets Macro Subscription Service on Seeking Alpha RTM: Stocks Fall Flat, Despite Nvidia Stock Split Surge RTM- Nvidia’s Option Positioning Heading …

Nvidia reported better than expected results, but the market expected that. Tomorrow we find out if they were good enough.

The stock market has stalled since last weeks CPI report, it would appears that is about ready to change.

Stocks finished the day flat, as implied volatility and rates rose, on hawkish Fed commentary.

Copper prices have surged 40% since Mid February.

implied volatility fell and stocks rallied following the CPI report, pretty much as expected.

It is CPI report time again.

Implied volatility is likely to continue to rise heading into the April CPI report.

This week should see implied volatility expand in a meaningful way at least until the release of the CPI report.

The latest data from the Fed showed that reserve balances have not bounced back.

Stocks finished flat today, but wider spreads and rising implied volatility suggested a reversal may be coming.

The first quarter of 2024 was a strong one for the broader S&P 500, but risk remain below the surface.

Stock rally, rates and the dollar rise.

Stocks, bonds, and the dollar all hit some critical levels of support and resistance on Friday.

Stocks managed to rebound on May 2, ahead of the big April Jobs report.

Stocks got there usual Volatility crush sending them higher, until it ran out of steam.

Stocks feel sharply on Tuesday April 30, 2024, and it is almost as if the bear can feel it in the air.

April 29 was a quiet day for markets, but don’t expect it to last.

This will be a very big week for data, the Fed and the Treasury.

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Starting tomorrow we get GDP and PCE ahead of nexts weeks alphabet soup of data and Fed meeting. Get Ready

Stocks rallied for a second day in a row, as the dollar and rates remained subdued ahead of 2 weeks of data.

Stocks rallied on April 22, ahead of big week of data and 3 Treasury auctions.

This week’s economic data and earnings could unleash the bears from hibernation.

Stocks fell again as options flows and liquidity now work against the market.

Stocks fell again with Nvidia now trading at that critical level of support at $850.

The Fed is walking back its view on the number of rate cuts, and now the market see less than 2 in 2024.

Stocks plunge on April 15, 2024 as rates and the dollar surge following a hotter than expected retail sales number.

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The March CPI report proved to be hotter than expected.

Stocks dropped early and snapped back late in a volatile session ahead of the March CPI report.

Stocks stalled on April 8 as the world stopped to watch the Solar Eclipse, while Nvidia and Apple contend with double top patterns.

The March CPI report could result in the dollar and rates surging, tightening financial and sealing the stock markets fate.

Stocks finished the day lower as implied volatility surged heading into the big March Job report.

Copper and oil prices surged on April 3, and showing signs of possibly going higher as stocks stall out.

4/2/24 #Stocks – #Macro – $SPX, $DXY, #RATES Mike’s Reading The Markets Macro Subscription Service on Seeking Alpha – Get 50% off through Monday Apri 1, at 9:30 AM ET …

Charts used with the permission of Bloomberg Finance L.P. This report contains independent commentary to be used for informational and educational purposes only. Michael Kramer is a member and investment …

The BTFP program at the Fed is draining, and that means that reserves balances are likely heading lower from here, and that could create a liquidity challenge for the market.

It certainly looked like the casino was open today, based on the stock markets wild ups and downs, as 0-DTE flows took hold.

Stocks were trading higher most of March 26, but fell sharply in the final 30 minutes of the day.

Credit spreads are starting to widen, and that needs to be watched closely.

Stocks could be in for a strange week of trading starting with a lunar eclipse on March 25 and ending with a Jay Powell Q&A session on March 29, a day the market is closed.

Stocks and the dollar rise following weak central bank actions.

Stocks rose today as the implied volatility fell sharply during the FOMC press conference, as previously noted.

The VIX fell on March 19, but the VIX 1-day rose ahead of the FOMC meeting.

Stocks rallied on March 18 ahead of the Bank of Japan and Federal Reserve policy decisions later this week.

The Bank of Japan will be on Tuesday to make a decision on monetary policy followed by the Fed on Wednesday.

Stocks fell on March 14, 2024 as a hot PPI report sent interest rates and the dollar sharply higher.

Stocks fell today, but commodities prices were breaking out all over the place as inflation risk coming back to life.

Stocks rose today as Implied volatility fell sharply despite rising rates and hotter CPI.

CPI inflation swaps are pricing in a hot CPI report on March 12 and the equity market moved implied volatility sharply higher today.

The CPI report is due to come on Tuesday, and swaps are pricing in a hotter than expected report for February.

The AI mania appears to be running the asylum.

Stocks bounced back on March 5, 2024 after Jay Powell gave pretty dull commentary in front of Congress.

Stocks dropped on March 5, one day ahead of Jay Powell Congressional testimony.

Stocks fell on Monday March 4 with losses offset by Nvidia.

It is a big week of market moving data including the job report, and Jay Powell, but perhaps more important is Broadcom for the AI hopefuls.

Stocks were driven higher in the final hour of trading on a big end of month buy imbalance.

Stocks fell on February 28, as inflation expectations continue to inch higher, and oil sits on the cusp of breaking higher.

It seems clear that something is going on in rates and inflation complex that stocks just haven’t caught on to yet.

Stocks couldn’t catch a bid on Monday, February 26, 2024, and may now be running on empty.

It seems that chicken wings and AI have a lot in common these days.

Stocks finished higher today chasing Nvidia higher all day long.

Nvidia reported good results, but the question if they are good enough to move the stock above $750.

Options expiration has come an gone, and now it may be to ask if the market has topped out or not?

Stocks rallied on February 15 just ahead of the big PPI inflation and option expiration.

Stocks rose on February 14, as a mysterious bid came into the market late in the day.