Xcel Energy may be starting a new multi-quarter rally: Elliott Wave turns bullish above $43.64. With earnings beat, rising power demand, and low volatility, consider long-dated calls or conservative put spreads. – vtmarketsmy.com
Canada’s inflation undershot forecasts: CPI hit 2.3% as core momentum cooled. With GDP soft and unemployment rising, markets expect BoC cuts, pushing Canadian rates and loonie lower. – vtmarketsmy.com
Redbook spending surged to 7.2%, echoing strong retail sales and sticky 3.3% inflation—cooling hopes for fast Fed cuts. Markets now price “higher for longer,” raising volatility and pressure on bonds, stocks. – vtmarketsmy.com
Gold rebounded to $4,952 after a $4,842 dip, but strong dollar and easing geopolitics capped gains. Watch $4,838 support and $5,011 resistance as Fed data nears, boosting volatility-driven option trades. – vtmarketsmy.com
Durable goods orders slid 1.4% in December, dragged down by transportation, while core orders rose 0.9%. With inflation at 3.1%, rate cuts look delayed—expect choppy, volatility-driven markets. – vtmarketsmy.com
Dollar Index clings to 97.29—but is this a trap? Data is mixed, Fed cuts are priced for June, and technical resistance looms. Break 96.50 risks 95.56 retest. – vtmarketsmy.com
EU plans a March capital-markets push and Savings & Investment Union to redirect €10tn idle savings. If progress lags by June, a nine-state rollout starts. Sweden’s EMU debate could jolt EUR/SEK volatility. – vtmarketsmy.com
US housing starts jumped to 1.322M in November, signaling economic resilience. Hotter CPI (3.1%) slashed rate-cut odds, fueling “higher for longer,” more volatility, and tactical trades in bonds, builders, and VIX. – vtmarketsmy.com
US building permits slipped in November, then sank again in January—an early housing slowdown signal. Traders eye bearish homebuilders, softer lumber/copper demand, and possible Fed rate cuts boosting Treasuries. – vtmarketsmy.com
Housing starts surged from -4.6% to +6.2% in November, easing recession fears. Strong jobs and sticky inflation weaken March cut odds, favoring higher yields, cautious homebuilders, range-bound lumber, stronger dollar. – vtmarketsmy.com
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