Weekly Performance Update: Week of 9/30/24
Market Recap
Acrux Capital
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Performance Update: Week of 7/15/24
Market Recap Quite the week in terms of price action. Small caps (IWM) continued their rip higher early in the week and finally took a breather the second half of the week. The real story was the selloff in tech, with the Nasdaq 100 shedding over 4% since last week's close and the S&P 500 down over 2%. In terms of price action, ignoring the reasons 'why', this is healthy given the tear QQQ has…
Performance Update: Week of 7/8/24
Market Recap Slow start to the week but things certainly picked up on late Wednesday and Thursday with CPI. If I read what I thought I read, and it seems palpable, Thursday’s closing prices on the Nasdaq 100 and the Russell 2000 had the biggest difference in history.
CPI - Post Mortem
Well, that was interesting. Not going to get too deep into the numbers but the market overall does not like the outcome, but small caps do. At least what it potentially represents in terms of the Fed’s next move.
CPI Preview
Another month has come and gone since the last CPI, and this one is shaping up to be a doozie. The market rallied today but really went apeshit to the upside the last 10 minutes or so of trading. We have exposure on that definitely leans bullish, as the market is just looking for a reason to rip the S&P 500
Market Update: Week of July 8, 2024
It is shaping up to be a slow(er) week the first half, with not much on the econ calendar until Thursday and #CPI with #PPI on Friday. CPI has been a big market mover the last year plus and we are expecting this version to be no different.
NFP - Post Mortem
Well, pretty much came in as an inline number and nothing too significant with Average Hourly Earnings (AHE), which can be a driver for the market at times if an outlier prints. None the less, we picked up a some points so far on an ES long, but nowhere near our profit target into the number (30 points).
The week of July 4th for the Markets
We are not expecting a lot of action before the holiday, but Friday, July 5th, is NFP and the market will surely look for signs of any easing in inflation to telegraph the Fed’s next move. We do have some light exposure in some options that expire this Friday, some doing pretty well and some not, but the calls to puts ratio is mostly balanced, which based on our premiums model tells us the market…