Global Macro et al.

Issue #6. FX, Metals, Energy and the broader macro landscape.

What did we write about in the last Breakout issue? Click here ⬅️

Equity Indices & AI

In previous Breakouts I telegraphed that the trend was getting tired and that I expected a move down. The Nasdaq dropped 15% from break of EMA10 to this last bottom.

The “AI Beneficiaries” basket analysed in the previous issue found support on the Weekly MAs and still hovering above those levels. The only Big Tech AI play that recovered most of its decline was AAPL — the rest are forming some sort of top. We’ll get back to that in the next issue.

In Today’s Issue

There’s a lot of movement in Global Macro and I wanted to dedicate a whole issue to it — as well as the equity plays revolving around certain markets.

• Oil & Gas

• How does Coal pricing affect Coal stocks like AMR?

• A look into FX in general, as well as the Yen Carry Trade.

• The Dollar Index

• Sovereign Bonds — US, Europe, Japan.

• Precious Metals

• Industry Metals

• Two commodity stock plays