SPX pushing higher, but deepseek

S&P 500 pushed twice for ATHs, but thanks to semis weakness, much defensive sectoral positioning kicked in that not even XLF could overcome. Weaker incoming services PMI forced a modest increase in rate cut odds, sending USD lower, to its first logical support.

The extensive Sat video dives into latest equities signs, what I expect in yields and the dollar to unfold next (FOMC ahead), China stocks, and of course precious metals and oil, with calls for clients having worked out great throughout the week and before. Do review the packed video, there has been a wealth of insights given throughout – let‘s pay attention to TSLA and NVDA as they try to turn around, and the poster child of multinationals, MSFT. So far, great news from financials reporting.

What kind of a setback did S&P 500 see Friday? The volume conclusion attests to only a temporary one. In the video, I‘m talking about the USD, VWOB and China equities message when it comes to risk taking, the direction in which I see it being resolved, and what Bitcoin with CLSK, MARA and COIN are telling us now.

I‘m also making the case for why USD isn‘t going down in straight line from here, and why. What‘s been the drivers of gold price ascent since CPI flush so clearly, and which way the yellow metal is pointing, together with the oil bearish call and why it‘s working out so great, circling back to XLI and their message for global growth in the months ahead.

Do you think the strong dollar has caught up sufficiently with the world economy, and is starting to come back to USA alike as a boomerang? I‘m talking as well euro importance as a risk-on sign when too many eyes were focused on BoJ, fearing a hawkish surprise early Friday, which I did not. Let‘s benefit together – treat yourselves to the extensive video taking aim at both days and weeks ahead – here are a few charts explained at length there.

Gold, Silver and Miners

In spite of the meaningful intraday setback, I remain bullish gold, miners, and once China stocks move more to the upside, bullish silver too. Gold is very unlikely to drop below Friday‘s open, and will rather push into the area of upper knot rejection of Friday – the upswing is alive and well.

Agrifoods though remain the brightest spot in commodities, and I am looking to see these push higher still – been talking them on and off for weeks.