Stocks ‘Squeeze’ Higher, Crude Crushed, Bitcoin Bid Ahead Of Catalyst-Heavy Week Today saw the quiet (short squeeze higher) before the storm of risk catalysts ahead this week (including 41% of SPX earnings and a handful of key macro data – JOLTS, GDP, PCE, NFP). But October Dallas Fed manufacturing activity was better than expected today, adding to momentum in the Citi US Macro Surprise Index… Source: Bloomberg The ‘good’ data sent rate-cut expectations (hawkishly) lower with 2024 now a coin toss between 1 and 2 25bp cuts and 2025 down to pricing in just 3 cuts… Source: Bloomberg Goldman’s trading… — Continue at ZeroHedge News : Read More
Home » Stocks ‘Squeeze’ Higher, Crude Crushed, Bitcoin Bid Ahead Of Catalyst-Heavy Week – Tyler Durden