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Crude lower / Berkshire : end of an area / 50dma SPX 5585 / Sell-in-May-and-go-Away / FOMC up next

  • Writer: Stéphan
    Stéphan
  • May 5
  • 2 min read

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  • Week ahead : S&P global PMI, ISM manuf PMI today, FED-FOMC presser Wed, jobless claims Thursday, and about 20% of S&P500 reporting this week, loads of Trump stuff on Truth Social, all getting sillier by the day ! but Trump sending weapons system again after a hard reality check last week, Trump's crypto corruption intensifies as AbuDhabi firm invest $2bn, oh and let's reopen Alcatraz too

  • Markets : Payrolls hep lift sentiment + SPX through 50dma around 5582, both helping last Friday, crude lower again, as Wall Street banks have lowered (again) their forecast for oil prices after OPEC+ hiked output, following the massive eq rally last 3weeks, it 'may' well be a decent year to consider 'sell in may and go away'..

  • FED : Rate-cut expectations tumbled this week with just 3 cuts now priced in for the year, and June being rapidly removed from consideration

  • Buffett passes the reins after changing investing forever: Warren Buffett’s departure as CEO marks the end of an era—but his influence on how we invest, think, and build wealth will outlast any market cycle

  • Trump Suggests Some Trade Deals May Come as Soon as This Week - “It could very well be,” Trump told reporters on Sunday when asked whether any trade agreements were coming this week. He didn’t specify any countries..'''Trump: I don't think a beautiful baby girl that's 11 years old needs to have 30 dolls. I think they can have 3 dolls or four dolls...they don't need to have 250 pencils. They can have 5.'''

  • Oil tumbles as OPEC+ accelerates output hikes, surplus looms

  • BUFFETT SAYS THERE COULD BE THINGS THAT WOULD HAPPEN IN US THAT WOULD "MAKE US WANT TO OWN A LOT OF OTHER CURRENCIES"






Not a bad area to re-hedge some, unwind few things bought 2-3weeksa ago









 
 
 

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