Quiet trade as Stocks inch Higher as the mkt awaits NVDA result & FOMC Mins


It's quiet... too quiet...

US Small Caps lagged on the day but the rest of the majors struggled to gain any momentum as long gamma and low vol compressed the ranges. Some early hawkish (though nothing new) remarks from Fed's Waller (" the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy...") sparked a little risk-off but as soon as cash markets opened, BTFDers resumed their game - but could not push ahead of unch.

A late lift flattered an otherwise 'meh' day...

Source: Market Watch

Bitcoin managed to stay above USD$70k, Gold steady at USD$2,425 while Silver Silver continues to outperform gold, now at its strongest relative to the yellow metal since Dec 2022...

And that's all she wrote...

Happy Wednesday

This information contains unsolicited general information only, without regard to any individual’s investment objectives, financial situation or needs. It is not specific advice for any particular investor or trader. Investment in the stock market involves risk.

This information may not take into account your investment objectives or financial situation, and you should obtain advice based on your own individual circumstances before making an investment decision.

This information is made available to you by ANDIKA Pty Ltd ABN 41 117 403 326, a licensed securities and derivatives dealer (AFSL # 297069).

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to Confidential Daily.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.