The S&P 500 refuses to correct. The index closed Friday at 7,686 — a fresh record close, up 2.6% from late July and comfortably above every prior peak this year. The June correction to 7,238 has been fully retraced, the leadership has broadened beyond the megacaps, and the market has now gone a full month […]
A quick weekly wrap before the weekend. The dollar’s post-July-shock recovery has stalled. Against the majors, the greenback is roughly flat on the week: EUR/USD at 1.1556, USD/JPY at 157.89, GBP/USD at 1.3491. But the internals are more interesting than the headline. The dollar actually gained against the commodity bloc — AUD, NZD, and the […]
Bitcoin has quietly completed the first phase of its recovery. The token has climbed from the July 1 low of $57,748 to the mid-$65,000s — a gain of roughly 13% in five weeks that has restored a bid to a market left for dead in June. Volume is recovering, the futures basis has normalized, and […]
August has arrived, and the market is doing what it usually does this month: nothing, loudly. EUR/USD is trading at 1.1556, up marginally from last week’s close of 1.1544. USD/JPY at 157.89 has spent four sessions bouncing between 156.8 and 159.0 without conviction. GBP/USD at 1.3491 is exactly where it ended July. Three pairs, three […]
Gold has woken up. The metal closed July at 4,107 and has spent the year’s first days of August pressing higher, clearing 4,150 with ease. For a market that spent June in freefall and July in a coma, the change in tone is striking — and the drivers finally look organic rather than mechanical. What’s […]