Holiday Markets and All Markets Spot Check

11月28日

Limited trading for the remainder of the week in the US with Thanksgiving

We've notched a few all-time highs in the US markets but without any major surges. Low volume and light activity have been pretty apparent as the post election rips have settled down somewhat.

US data still in line before FOMC on Dec 18. Current FED Watch Tool showing a 64% probability of the FED still cutting 25 bps before end of year. This will be an important message from the FED to the markets on how the FED plans to adjust monetary policy in 2025 (pause, hold, cut, hike).

DXY and USD related crosses showing signs of nice movement (weaker dollar). Let's see if that is a stronger reversal pattern with follow through as many USD pairs are at strong support/resistance levels to show some reactions.

I'm not aggressively positioning on anything currently. If the melt-up continues, it's pretty easy and steady gains. If we have any flinch or pullback before end of year, I'll have my hedges in profit to help offset drawdowns. The best path for me is management both ways and inexpensive protection to the downside.

Thanks for watching!!!