Bitcoin is stuck in a sideways range, and a further drop could set up a good entry point.
Natural gas is gaining momentum, oil remains in a tight range. Silver pulled back from resistance, and gold is holding at its first line of defense.
Two California power companies saw heavy selling due to a blocked wildfire insurance bill (Bloomberg, Seeking Alpha), not any rate policy.
Nvidia has given back most of its gains despite strong earnings, as markets question its supply chain deals. The dollar steadied a bit but the structure still leans lower. Stocks are trading in a tight range between two major trend lines, with a slightly positive bias though a big move could come either way. Long term interest rates hit their highest level in over a year after the Fed chair's tough speech (Trading Economics), raising September rate hike expectations. The biggest headline is out of the Middle East, where military tension resumed after the US struck Iranian assets and Iran retaliated (Bloomberg, Washington Post), pushing oil higher and stock futures lower. This is a market observation only, so base your trading decisions on your own research and risk tolerance.
Natural gas is gaining momentum, oil remains in a tight range. Silver pulled back from resistance, and gold is holding at its first line of defense.
Two California power companies saw heavy selling due to a blocked wildfire insurance bill (Bloomberg, Seeking Alpha), not any rate policy.
Nvidia has given back most of its gains despite strong earnings, as markets question its supply chain deals. The dollar steadied a bit but the structure still leans lower. Stocks are trading in a tight range between two major trend lines, with a slightly positive bias though a big move could come either way. Long term interest rates hit their highest level in over a year after the Fed chair's tough speech (Trading Economics), raising September rate hike expectations. The biggest headline is out of the Middle East, where military tension resumed after the US struck Iranian assets and Iran retaliated (Bloomberg, Washington Post), pushing oil higher and stock futures lower. This is a market observation only, so base your trading decisions on your own research and risk tolerance.
