Trading Insights

🌐 Macro Snapshot — What’s Driving Markets

  • US yields elevated: Liquidity strain (high TGA, low RRP) + credit concerns pushing yields higher

  • Credit risk rising: Corporate OAS widening after multiple defaults

  • Leveraged companies vulnerable: Higher CDS levels at firms like MSTR and ORCL

  • NVDA earnings ahead: ~$300B implied move to determine Nasdaq’s year-end path

  • Crypto under pressure: Rate-cut uncertainty hitting ETH/BTC

  • Metals consolidating: Gold and silver range-bound with fading selling momentum

    Chart of the Day
    Chart showing changes in corporate option adjusted spread between August to November

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