Guy Adami and I are back with the Macro SetUp brought to you by our presenting sponsor Nadex, the leading U.S. exchange in binary options, knockouts, and call spreads.
We discuss the rotation in U.S. equity markets, out of growth, into value and more economically cyclical groups like financials, energy, transports, and industrials. We chart the SPX, Equal Weight SPX, and the NDX as all approach key technical resistance as investors seem optimistic about fiscal stimulus coming sooner than expected.
Other topics: Crude oil making a nice flag in front of the OPEC+ meeting, the VIX making 9-month lows, US Dollar and Gold weakness, Bitcoin strength, and what might cause Euro and British pound breakouts. See the charts below the video: