Sentiment Jul 25
Intermarket correlations:
- Middle East conflict is over
- Now watch yields, trade war is back
- JGB yields new high
- Copper spike 10%, good for stocks?
DG gamma negative again
Slight uptick in CPCE
Dow above Dec low
NAAIM 81
NDXA50 and 20 both bearish
NYMO -10 again
VIX small hammer
Seasonality - July best month in Q3
Conclusion: cautiously bullish