The blue-chip Dow is...from John Kicklighter

29 Jun 2021, 10:59 · Views 2,063

The blue-chip Dow is putting in for an underwhelming performance to start this week. As a measure of flagging momentum, the 20-day moving average is at risk of slipping the 50-day for the first time since Oct 19, 2020

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John Kicklighter

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We are seeing the seasonal constraints on market movement increase, but there are still some impressive moves out there. An unusual stand out from Friday into today is $GBPCAD. An impressively quick range swing:

John Kicklighter

$USDZAR

John Kicklighter

Here are the top scheduled event risks on my calendar for the coming week. Global PMIs, a few rate decisions, the Fed's bank stress test results, the Fed's favorite inflation indicator and a run of Fed speak among much more:

John Kicklighter

All the banks the Fed is monitoring get a clean bill of health on their capitalization in the stress test scenario. Awaiting the announcements of share buybacks and dividend increases

John Kicklighter

We have just closed out the best month for the Dollar in 5 years while the S&P 500's 5-quarter rally is the biggest bull run in 85 years! That said, we are still fighting low liquidity this week even with ISM manufacturing and NFPs ahead

John Kicklighter