Retail gamblers are trapped.
After the best first half for Tech stocks in 40 years, institutions are dumping Tech stocks in the second half.t.co/It9OGJH69b
Retail gamblers are trapped. pic.twitter.com/9ApQOQSKeP
— Mac10 (@SuburbanDrone) July 10, 2023
Microsoft has been the most consistently dominant company of the past two decades. pic.twitter.com/7FiBWGSeS5
— Mac10 (@SuburbanDrone) July 10, 2023
What does that leave.
Faceplant? pic.twitter.com/rPq7AMRkVQ
— Mac10 (@SuburbanDrone) July 10, 2023
This is not the time to FOMO into equities
Leading economic indicators are signaling a sharp GDP contraction pic.twitter.com/aOOhE1SiMM
— Game of Trades (@GameofTrades_) July 10, 2023
Hedge Funds Have Swung to an Overall Bearish Dollar Bet
Leveraged investors have shifted to a net short position on the US dollar, with 20,091 contracts flipped to short in the week through July 7. This marks a significant change from the net long position of 5,196 contracts the previous week. The Bloomberg dollar gauge has dropped 1.6% this year as signs of the Federal Reserve nearing the end of its tightening cycle and global rate increases to combat inflation have impacted the currency. Weaker-than-expected job growth in June has further bolstered expectations that the central bank will ease policy sooner. Market focus now shifts to the US CPI report as the next major risk, prompting increased selling of the dollar and potential retests of previous highs in currency pairs such as euro-USD and dollar-yen.
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