Saturday, 18 September 2021 10:15 GMT

Risk-Off Moves Returning


(MENAFN - ValueWalk) Q2 2021 hedge fund letters, conferences and more

This Tiger grand-cub was flat during Q2 but is ready for the return of volatility





Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More


Let's move right into the charts (all courtesy of ).

S & P 500 and Nasdaq Outlook





In spite of yesterday's upswing, S & P 500 keeps going sideways, and the indicators aren't all clear on the bulls' great prospects. The vulnerability to a bear raid is still very much there.

Credit Markets





Credit markets didn't really reverse yesterday – the risk-off sentiment remains very much on in spite of HYG erasing intraday losses. The stock market bulls aren't out of the woods in spite of the improving market breadth.

Gold, Silver and Miners





Miners' strong showing yesterday bodes well for both precious metals, and I'm looking for more gains in the sector. Remember that declining real rates on account of the risk-off bond moves, increase gold 's appeal just as much as any worries about a decelerating economy or external shocks.

Crude Oil





Yesterday's downswing was partially bought, and the energy sector increase (great performance within the S & P 500) would point to a reversal soon. I'm though not convinced that the bottom is in and that the bears have said their last word.

Copper





Copper has traded on a weak note yesterday, and hasn't convincingly stabilized just yet. The volume indicating buying interest isn't there.

Bitcoin and Ethereum





Trading little changed, both cryptos are more than likely to go higher next, even if the indicators aren't yet hinting at that possibility strongly. Should they turn from here (likely in the current atmosphere, alongside with PMs), that would be a promising sign for the bulls.

Summary

In place of summary today, please see the above chart descriptions for my take.

Thank you for having read today's free analysis, which is available in full here at my homesite. There, you can subscribe to the free Monica's Insider Club , which features real-time trade calls and intraday updates for all the five publications: Stock Trading Signals, Gold Trading Signals, Oil Trading Signals, Copper Trading Signals and Bitcoin Trading Signals.

Thank you,

Monica Kingsley

Stock Trading Signals

Gold Trading Signals

Oil Trading Signals

Copper Trading Signals

Bitcoin Trading Signals

[email protected]

All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.

MENAFN05082021005205011743ID1102570648


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.