Futures are up sharply after Trump took stock of the tanking market’s reaction to tariff developments and suggested that they might not be as pervasive as he had previously insisted.
It’s just the latest effort to ramp futures in the after hours using the 2017-21 playbook: start a fire and then brag about putting the fire out.
continued for members…
The flag pattern continues unabated, with the white midlines and SMA200 the most likely targets.
Currency pairs are fairly quiet. Note however that USDJPY is nearing a TL of overhead resistance that could mean a breakout or breakdown.
…as are CL and RB.
But, the 10Y is back above its SMA200. It’s a fascinating dance between the fear trade and the inflation trade.
