Once again, delaying a decision until october. Love them or hate them, etfs are here to stay and flows often signal Broader Market trends. Eric balchunas checks it out. And eric, its very much a picture of derisking . Eric yes. It is. Scarlet, thank you. Prices are down. It has been a choppy market. A lot of volatility in the last couple of weeks but the flows are really hanging tough for u. S. Equities and fixed incomes. Two aberrations we are seeing, and a lot of money going into gold. On the other side, a lot of money leaving emerging markets. Look at the bloodbath in emerging markets. That is only over one week. Over the past couple of months, they have seen a couple of billion dollars come out quickly. What really struck me about this chart is img is on here. These are the cheap ones that retail uses. This is beyond the trading crowd into retail. Lets look at imgs flows since it came out. Just to get an idea of how weird it is that img it has never seen outflows in eight years. Wh
Asian equities. They cut down the patients stance and talked about opening the door for easing. The market betting july could be the earliest we could see. The csi 300 up. Seng, four solid days. Up another hundred 80 four points. Psi, markets on a tear. Thistly lower ahead of decision. Thewe mentioned about dollar. Big moves when it comes to asian currencies. The taiwan dollar as well. Breaking below the moving average for the First Time Since march. Havenpanese yen gaining status as well. The one we are watching, not price, but gold. 2013 highs. It is the bond market firing up. Basis points. Same going for the most of asia. See peopleinuing to ratchet up yields can go lower, even after we saw the u. S. To year yield. Below 2 for the First Time Since november. Australia, 130. Japan is the big one to watch ahead of the boj. More trouble for the boj. We are watching closely what happens with dollaryen. You can see we broke below some key levels around 100 782. Those are the lows we saw b
Movement in gaza, hamas has left the hostage talks, Benjamin Netanyahu has told the people in rafah to evacuate the destruction of hamas is about to begin. So far no negative reaction on the market, the dow coming off a big gain on friday, up again this monday morning looking for a gain of 150 modest uptick for the s p and the nasdaq. Interest rates at low levels the tenyear way below for an half percent, 447, the twoyear way below 5 you are now at 479. Bitcoin up to 6,465,000, 635 at the moment, gold is moving up not that much 23, 33 not close to the record high but up 24, no change for gas, 3. 65 in diesel down one set 3. 97. Politics another positive crowd for trump at the miami grand prix over the weekend there is a pattern trump get a break from court wows crowds from new york to florida and biden stays home. Biden is in trouble on the issues and abc poll puts trump 14point had on the economy and inflation, antiisrael protests continue Graduation Ceremony is disrupted columbia jus
Elon musk said all the right things on the call yesterday. More unless expensive models. Lisa we heard we will not get any details about if he can produce 25,000 teslas on their current infrastructure, wait until august. What about robotaxis . Wait for august. Jonathan i dont think you can look at this move without looking at it relative to the year to date loss. We were down by 4 and that we are up by 10. Listen to this, 2. 5 years ago, tesla was worth the same as the next 12 Largest Companies and thats how things have gone wrong in the last couple of years. Annmarie and the big issue is demand. They have very to different firstquarter results announcements. The numbers were bad and if you look at some of the rate at which new cars are leaving deliveries, that is not promising for elon musk down the road but the words are dreamy and its this idea of august we will get may be cheaper cars and a people model s and potentially a robotaxi. Jonathan jefferies says appeasing the market. How
It will be another record close. On the week, the dow on pace for its first two week decline since august. Some who think this pullback we are seeing today and on the week could continue. This is a great chart that Katie Stockton shared with our new weekly charting segment earlier this week. This basically suggests we could see a bit of a pullback before stocks climb higher. This is the s p 500 in white over the last year. Katie is saying its likely to move down toward this area theed the cloud, perhaps 200 day moving average, a pullback of 25 before refreshing a year and rally. Year end rally. These are the big gainers on the week. Foot locker up 32 , mattel up 20 . Vision health care of 15 . Netap op onand earnings. Here onsee a decline the bloomberg dollar index, down. 7 . On the year, down more than 7 , on pace for the worst year since 2003. House republicans did pass that tax bill, perhaps a first step in an economic jolt. Some investors relative to the, dollar not too optimistic.