The S&P 500 closed Monday at 7,401, extending a rally that has carried the index up nearly 8% since the April lows near 6,790. What’s striking about this advance isn’t its size — it’s its texture. The gains have come on steady volume, led by the broad market rather than a handful of megacaps, and […]
Gold is doing something it hasn’t done in over a year: declining for a third consecutive week. The April futures contract settled near 4,729 on Friday, down from the April peak of 4,918 — a slide of nearly 4% that has caught much of the gold-bug community off guard. After a decade of faithful central-bank […]
A week ago, USD/JPY was flirting with 160.70 and traders were dusting off their intervention playbooks. This week, the pair closed at 156.85 — its lowest in a month — and nobody is talking about Tokyo anymore. The speed of the reversal tells you everything about how this market is trading. The April surge in […]