Guy Adami and I are back with our weekly video podcast series The Macro SetUp brought you by our presenting sponsor IG US, one of North America’s fastest-growing foreign exchange brokers.
Guy and I start by offering our views on what appears to be abating near-term headwinds for the stock market, discuss President-Elect Biden’s proposed economic team and investors’ reaction. We take a hard look at the SPX, NDX, and RTY and offer our trading SetUps.
This week we are also joined by DailyFx’s Peter Hanks to discuss, the recent weakness in Gold and the U.S. Dollar, and what the “reflation trade” means for The U.S Canadian Dollar cross, the Euro, and of course the British pound.
Watch below and see my charts below that:
Topics:
-Election Settled… Senate Runoff in GA
-Biden appointments… Yellen, what means for fiscal stimulus and relationship with the Fed.
-Covid Spread / Vaccine Equity Rotation…
Charts:
SPX 1yr
SPX 5yr
NDX 1yr
RTY Russell 2000 3yr
DXY 1yr
DXY 3yr
XAU GOLD YTD
XAU 5yr
10YR UST YIELD
XLE 1yr
XLF 1yr
USD CAD
1yr
5yr
EUR USD 1yr
EUR 5yr
GBP USD 5yr