FREE ACCESS, Macro Setup, Podcasts December 1, 2020

The Macro SetUp Podcast with Guy Adami & Dan Nathan

by Dan

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:

 

Charts:
SPX
1yr
Screen Shot 2020-12-01 at 9.46.14 AM.png
SPX 3 month
Screen Shot 2020-12-01 at 9.47.13 AM.png
SPX Equal Weight (RSP) 3 month
Screen Shot 2020-12-01 at 9.47.40 AM.png
VIX 2yr
Screen Shot 2020-12-01 at 9.05.48 AM.png
NDX 1yr
Screen Shot 2020-12-01 at 9.49.31 AM.png
NDX 3 month
Screen Shot 2020-12-01 at 9.48.44 AM.png
Crude Oil 1yr
Screen Shot 2020-12-01 at 9.03.21 AM.png
Crude Oil 3 month
Screen Shot 2020-12-01 at 9.04.21 AM.png
Gold XAU 1yr
Screen Shot 2020-12-01 at 9.07.35 AM.png
Gold XAU 1month
Screen Shot 2020-12-01 at 9.08.40 AM.png
Bitcoin 1month
Screen Shot 2020-12-01 at 9.10.12 AM.png
Bitcoin 5yr
Screen Shot 2020-12-01 at 9.11.30 AM.png
DXY 1yr
Screen Shot 2020-12-01 at 9.12.45 AM.png
DXY 3 month
Screen Shot 2020-12-01 at 9.15.06 AM.png
EUR 3 month
Screen Shot 2020-12-01 at 9.17.18 AM.png
Eur 1yr
Screen Shot 2020-12-01 at 9.18.48 AM.png
GBP 1yr
Screen Shot 2020-12-01 at 9.20.00 AM.png
GBP 3 month

Screen Shot 2020-12-01 at 9.21.16 AM.png