Sentiment Jul 1
Intermarket correlations:
- Middle East conflict is over
- Oil down, stocks up
DG equivocal
CPCE very complacent -> liquidity breaks
Dow above Dec low
NAAIM nearing complacency level
NDXA20 coming back up
NYMO plateau at 23
VIX bottoming
Seasonality - July best month in Q3
Conclusion: watch for a slow grind up