* A mixed day on Wall St overnight as market turns attention to earnings season. UPS fell -12% on poorer forward guidance on packaging growth https://x.com/unusual_whales/status/1815839306134765965
* NVIDIA -0.90%, Tesla -2.04%, AAPL +0.47%, Amazon +2.11%, MSFT +0.43%, AMD -1.14%, Meta +0.29%
* In after hours, Google beat top and bottom line but the stock is down -1.58% so far while Tesla slightly beat top line but EPS at 0.52 was well short of 0.62 expected and Tesla is falling -5.76%
* Another lower day for oil and oil stocks, WTI Crude down -1.04% to $78.33
* Copper continued to be lower as lithium, lithium stocks down on average -2%
* Gold held $2400 well edging higher to $2409, AUD Gold helped by the lower AUD (66.15c) +0.95% to $3641 while Silver regained $29 to $29.24.
Column 1
Column 2
Column 3
0
STOCK INDICES [US 23 Jul 24]
Overnight %
1
DOW
-0.14%
40,358
2
S&P500
0.04%
5,566
3
NASDAQ
0.14%
18,032
4
DXY
0.12%
104.44
5
US 2 YR
-0.65%
4.493
6
US 10 YR
-0.14%
4.255
7
AUD
-0.41%
0.6615
8
GOLD
0.55%
$ 2,409
9
SILVER
0.39%
$ 29.24
10
BTC
-3.36%
$ 65,934
11
12
13
GOLD
Overnight %
14
GDX
0.00%
15
GDXJ
-0.24%
16
NEWMONT GOLDCORP(NEM)
-0.47%
17
BARRICK GOLD (GOLD)
1.14%
18
AGNICO EAGLE MINES (AEM)
0.90%
19
SILVER
20
SIL
-0.12%
21
SILJ
0.16%
22
PAN AMERICAN SILVER(PAAS)
0.26%
23
LITHIUM
24
SPROTT LITHIUM MINERS (LITP)
-2.28%
25
GLOBAL X LITHIUM (LIT)
-2.34%
26
ALBEMARLE (ALB)
-2.23%
27
SOQUIMICH (SQM)
-2.52%
28
LITHIUM AMERICAS (LAC)
-0.70%
29
PIEDMONT LITHIUM (PLL)
0.89%
30
ARCADIUM LITHIUM
-2.54%
31
PATRIOT BATTERY METALS
-3.02%
32
COPPER
33
GLOBAL X COPPER MINERS(COPX)
-0.75%
34
BHP
-1.22%
35
RIO
-0.72%
36
SOUTHERN COPPER (SCCO)
0.75%
37
FREEPORT MCMORAN (FCX)
-1.59%
38
FIRST QUANTUM MINERALS (FQVLF)
-1.34%
39
TECK RESOURCES (TECK)
-0.30%
40
OIL
41
XLE
-1.59%
42
EXXON (XOM)
-1.61%
43
CHEVRON )CVX)
-1.85%
44
OCCIDENTAL (OXY)
-1.31%
45
CONOCOPHILLIPS (COP)
-1.33%
46
MARATHON OIL (MRO)
-1.56%
47
HALLIBURTON (HAL)
0.30%
48
COAL
49
RANGE GLOBAL COAL (COAL)
-1.02%
50
PEABODY ENERGY (BTU)
-0.89%
51
ALPHA METALLURGICAL (AMR)
0.07%
52
ARCH RESOURCES (ARCH)
-1.41%
53
WARRIOR MET COAL (HCC)
0.09%
54
URANIUM
55
GLOBAL X URANIUM (URA)
-0.67%
56
NICKEL
57
SPROTT NICKEL MINERS (NIKL)
-0.48%
58
RARE EARTHS
59
OPTICA RARE EARTHS (CRIT)
-1.90%
An ugly day for macro with hard data (US home sales) and soft data (regional Fed surveys) all puking... Source: Bloomberg
...was just the bad news needed to spark good news in STIRs as rate-cut expectations rebounded...
Source: Bloomberg After yesterday's big exciting "everything's awesome" day, stocks, broadly-speaking did nothing today though as only Small Caps showed any willingness to move. Late-day selling pressure did not help, pulling everything but Small Caps into the red with Nasdaq the biggest loser...
...but that looked like yet another big short-squeeze.... Source: Bloomberg
The NDX/RTY unwind resumed today... Source: Bloomberg MAG7 stocks went nowhere ahead of GOOGL/TSLA earnings after the bell... Source: Bloomberg
Treasuries were mixed today with the short-end outperforming... Source: Bloomberg ...which dragged the yield curve (2s30s) almost to being dis-inverted.... Source: Bloomberg Ethereum outperformed Bitcoin on the day as ETH ETFs were launched... Source: Bloomberg
This followed a huge net inflow day yesterday into BTC ETFs... Source: Bloomberg
Bitcoin was 3% lower back to $66k... Source: Bloomberg ...as ETH ETF $ Volume soared to $1BN... Source: Bloomberg
...which kept ETH around $3500 by the close... Source: Bloomberg
Gold managed modest gains on the day, finding support at $2400... Source: Bloomberg
Crude prices extended losses as CTAs pressed through technical levels but WTI found support at $76.69 intraday (its 200DMA) and bounced modestly... Source: Bloomberg
