The Daily Market Catch

Top market-moving themes and insights – Delivered free to your inbox.

The One Big Thing

Back on October 2nd I suggested to clients markets would run up into Oct. 31 – and target SPX $3060 and NYSE $13,333 – with lower prices starting in mid-November through the end of the year. I consider current price action around this level to be ‘cruising altitude’ before it gets a little bumpy again.

In my article for MarketWatch, I predicted higher yields: Despite the Fed’s support, this stock market is headed lower

Then, just last week we had a historic move lower in bonds for which I was positioned for clients (short bonds and gold, long value and commodities).

Top Charts

Nomura’s Charlie McElligott says,

“Macro catalyst wise, Trump’s speech yesterday I think has made the crowd who was saying that the potential Dec signing of a ‘Phase 1’ deal as a SHORTABLE EVENT in Equities (‘sell the news’) now could be further incentivized to take profits sooner-than-later, as that unwillingness to back-down on tariffs makes it now look like ‘the easy money’ has been made and risk is to downside with trade news/rhetoric”

And this at the same time asset managers are long $132.9B of SPX. That’s in the 98.5%ile since 2006:

Top Tweets

Top Trades

This qualifies as Top Tweet, Trade and Read, as it is a fabulous twitter thread on Debt Monetization, Inflation and Gold – with emphasis on Gold.

Top Reads / Videos

For more charts and links like these check out my twitter feed.

To Great Fishing!

Samantha LaDuc
Founder LaDucTrading
CIO LaDuc Capital LLC

Thanks for reading – Curious how I help active traders and investors like you?  I fuse macro analysis with market-moving news, give it context and actively trade while supporting clients who do the same.

Not a member? Here’s some more FreeBait – Fishing Stories and Trading Videos.
Want to forward this email? They can sign up for The Market Catch here.
New to trading? Learn How To Trade!

Become a Member  – To get Samantha’s insights on macro inflection points and market-timing calls:

Read: Macro-to-Micro Weekly Newsletter – “Gone Fishing”
Follow: Brokerage-Triggered Trade Alerts – “Big Catch”
Participate In: Live Trade Room – “Fishing Club”

For Institutions – Gain from Custom Consulting and Allocated Trading