Bond Market vs. Risk Market

NEWS!

Attention all new and existing members! The Telegram groups are for PREMIUM SUBSCRIBERS ONLY. Sharing Telegram links will result in a permanent ban from our community.

We Called It!

• ETH/BTC (Crypto Fox): Newsletter long setup from last week (entry: 0.05398) ran to our suggested profit-taking target at 0.06095. So far, we have hit 13.32% maximum profit potential.

• SOL (Daniel4): The newsletter idea was long, starting at $95 and hitting $107.6 before drawing down to our stop-out level of $88. We recommended taking some profits at $103 and $105 in telegram. We did NOT hit our targets at $116 and $127 – yet.

• SOL (Daniel4): TG called $95.5. Part of our entry closed at $98 and the rest at $103.

• SOL (Daniel4): TG scalp call from $98.38 entry ran to $100.50, and many members profited.

Macro Markets

The most important release of the week will come on Wednesday with the latest edition of retail sales, which are considered a proxy for consumption. Forecasts suggest that headline and core retail sales rose by 0.3% and 0.2% monthly in December.

The holiday shopping season appears to have been successful, corroborated by monthly credit card spending data released by Mastercard and the newly-released CNBC/NRF retail sales monitor, which attempts to track official retail sales.

This tracker pointed to a monthly retail sales increase of 0.44% in December, above the consensus forecast of 0.3% that economists have penciled in. As such, the risks seem tilted towards a positive surprise in this dataset rather than a disappointment.

Coming on top of a hotter-than-expected inflation report last week, another upside surprise in retail sales could help dampen speculation about imminent Fed rate cuts.

Become a member today and read the entire newsletter

Get Access

Click here to read the complete newsletter

Disclaimer  

Wizard of Soho LLC and Weekly Wizdom publish financial information based on research and opinion. We are not investment advisors, and we do not provide personalized, individualized, or tailored investment advice, nor do we provide legal advice or information. The publisher does not guarantee the accuracy of the information provided on this page. All statements and expressions present are based on the author's or paid advertiser's opinion and research. Directly or indirectly, no opinion is an offer or solicitation to buy or sell the securities or financial instruments mentioned. As news is ever-changing, the opinions included should not be taken as specific advice on the merits of any investment decision. Investors should pursue their own investigation and review of publicly available information to make decisions regarding the prospects of any company discussed. Any projections, market outlooks, or estimates herein are forward-looking and inherently unreliable. They are based on assumptions and should not be construed to be indicative of actual events that will occur. Contrarily, other events that were not considered may occur and significantly affect the returns or performance of the securities discussed herein. The information provided is based on matters as they exist on the date of preparation and do not consider future dates. As a result, the publisher undertakes no obligation to correct, update, or revise the material in this document or provide any additional information. The publisher, its affiliates, and clients may currently or foreseeably have long or short positions in the securities of the companies mentioned herein. They may, therefore, profit from fluctuations in the trading price of the securities. There is, however, no guarantee that such persons will maintain these positions. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile, or any other means is illegal and punishable. Neither the publisher nor its affiliates accept any liability for any direct or consequential loss arising from any use of the information contained herein. By using the website or any affiliated social media account, you consent and agree to this disclaimer and our terms of use.