Trading Insights

Macro Snapshot – What’s Driving Markets

  • US Yields Surge: Liquidity tightness (high TGA, low RRP) + divided FOMC = upward pressure on yields

  • Data Blackout: CPI and jobs report not released, amplifying inflation and labor fears

  • Weak Hiring: ADP shows slow private-sector job creation

  • US–China Trade Framework: Tariff suspension + rare earths access; China removes retaliatory measures

  • QE Pivot: QT ending/QE restarting to support markets and USD over coming months

  • NVDA Earnings Ahead: ~$300B implied move likely to steer year-end tech and index direction

  • Precious Metals Consolidating: Gold and silver range-bound ahead of key data flow returning