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QQQ, KOSPI, NIKKEI back to reality, strong US NFP & CPI / Trump's meltdown ! / Iran-Israel confrontation intensifies

  • sc0172
  • Jun 8
  • 3 min read

  • Iran updates : Trump pleads with Netanyahu after horror airstrikes on Iran war's 100th day... (widening gap between US and Israel..),

  • A White House official is now reportedly saying Trump made a "fundamental miscalculation" when it comes to Iran. For months, Trump has been saying a deal with Iran was close. Just today, he said Netanyahu would have "no choice" but to accept a U.S.-Iran agreement and insisted the negotiations were still on track. Then Iran launched another major missile attack. Then Israel responded with more strikes. Now, according to this official, the administration is admitting it fundamentally misread how Iran would behave>>> This is the first time in decades that a regional power has the means, capacity, and willingness to put hard power against Israeli military manoeuvers or aggression against a third party!..

    Markets : so finally QQQ comes back to a little bit of reality, plenty of 'worse day YTD', ok but a reminder NASDAQ has gone up some 30-35% since early April !, plenty of crowded trades hammered, URA, Precious metals, Gold miners, very decent liquidatin of owned positions, preparing for the biggest IPO ever, it has been reported that CTA's sold some $55bn on Friday into the close. KOSPI (South Korea is the ultimate leading indicator for global growth...and equity valuation madness lately...), NIKKEI which have had a bombastic run up, also have come off fairly sharply.. >>> beware MOMENUM, clearly turned, and NO wonder.. as discussed last week, it happens after NASDAQ changed rules for the SpaceX IPO.. ! ... not good...and duration, UST yields up too, 10's 4.57%, there was no hiding after a strong NFP on Friday (+170K)

  • #USDJPY Japan sold some 73bn USD not long ago, and here we are, back to same lev

  • The worst possible welcome gift for a new Fed Chair Kevin Warsh is already facing his first major inflation shock CPI jumps to 4.1%. Highest in 3 years Core CPI jumps to 2.8%. Highest in 9 months Trump wanted rate cuts Warsh wanted rate cuts Inflation just said: not happening!... not a friendly outcome for markets either #QQQ



A White House official is now reportedly saying Trump made a "fundamental miscalculation" when it comes to Iran. For months, Trump has been saying a deal with Iran was close. Just today, he said Netanyahu would have "no choice" but to accept a U.S.-Iran agreement and insisted the negotiations were still on track. Then Iran launched another major missile attack. Then Israel responded with more strikes. Now, according to this official, the administration is admitting it fundamentally misread how Iran would behave
































 
 
 

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