Pristine Market Analysis & Watchlist

📈CPI Incoming!

• Markets shrugged off the Moody’s US credit outlook downgrade

• CPI 11/14 will determine the next move for bonds and stocks!

Team,

It’s make or break time for the Santa Claus rally. Let’s take a deep dive into where the market stands into CPI below. HAGE🍻

-Andrew

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News/Economic Data

The following news broke after the bell on Friday. Granted, it’s been a few days, but today’s session presented the first opportunity for market participants to react 👇

Pretty bad news huh? Let’s see what the market thought.

Long-Term Treasuries

Long-term treasuries had a weak open and a strong finish. Our base case assumption is that Bill Ackman bottom-ticked the treasury market when he covered his shorts, and that a deceleration in the CPI will propel TLT higher👇

FX Market

The dollar index is trading below the 20-day SMA, which is bullish for risk assets✅

Energy

Crude oil is trading at $78.15/barrel, down from its peak of $95.00/barrel. This is one of the reasons why we are optimistic about the inflation outlook. If you’d like to see our detailed expectations of the CPI in video form, check out our Weekend Market Analysis video.

Equity Dashboard

44.4% advancers heading into CPI, with the ARKK innovation ETF leading! 👇

Index Price Cycle Monitor

Index trends are improving into CPI 👇

In the following sections of tonight’s update, I’ll cover my research in preparation for tomorrow’s trading session

✅ Trend Model Update - Our proprietary indicator that informs us on how aggressive/defensive to position in the market

✅Market Strategy - My trading plan

✅ Today’s Trade Blotter and Position Update

✅Daily Watchlist - We scan thousands of stocks and hand-pick the best reward/risk opportunities