Sentiment Jul 9
Intermarket correlations:
- Middle East conflict is over
- Now watch yields, trade war is back
- Copper spike 10%, good for stocks?
DG gamma negative -> bullish
CPCE very complacent -> liquidity breaks
Dow above Dec low
NAAIM 99
NDXA20 above 80
NYMO 60 -> 20
VIX pop
Seasonality - July best month in Q3
Conclusion: sell rallies