TG / I could not find “entromy” in some dictionary which suggests instead “entropy”
BUT
if I google it I get a slew of hits. I particulalrly like Entromy on X
still havent figured out how to use it to enhance my trading profitability though
Not much toi say as NAS100 flirts with anoither record high
It now needs to close and stay above the blue) high to pput it again into unchartered territory. In this case, shoudl it occur, the only resistance is the most recent (new record) high.
Yesterday job openings showed decline and today the services index showed expansion. Services, not manufacturing. An argument could be made the S/P 500 stops dead near 5350 coming up. Dxy is still bid factually today overall despite the intra-day pause. That would transfer to Bitcoin as well since some people amazingly consider it an asset to trade like stocks right now.
as I look at the 2-yr puppy having stopped short of yielding 5%, now 4.743%
lowering yield, tightening spreads and … potentially … continuing crappier incoming data add up, in my book, to a cap on DLR
Central Banks are investors also. They are constant parties and counterparties in swap markets where currencies are exchanged and post Investment Returns. Official Monetary and Financial Institutions Forum stated that a net 18% of reserve managers surveyed said they intended to boost exposure to the U.S. dollar in the next 12-24 months, more than any other currency. Usually when the dollar index is moving north stocks are moving south…would suggest the recent dollar selling bout was a minor cycle not a major cycle. Is the key word “was” fitting yet?
Dxy is reflecting a balance in convictions. 104.50 and 104 are the marks and anything between is just in the middle. Right now its bid until 104 or 104.50 say otherwise.
whisper of political change – bell tolling for joe ?
Behind Closed Doors, Biden Shows Signs of Slipping
Participants in meetings said the 81-year-old president performed poorly at times. The White House said Biden is sharp and his critics are playing partisan politics.
By Annie Linskey and Siobhan Hughes – wsj
WASHINGTON—When President Biden met with congressional leaders in the West Wing in January to negotiate a Ukraine funding deal, he spoke so softly at times that some participants struggled to hear him, according to five people familiar with the meeting. He read from notes to make obvious points, paused for extended periods and sometimes closed his eyes for so long that some in the room wondered whether he had tuned out.
In a February one-on-one chat in the Oval Office with House Speaker Mike Johnson, the president said a recent policy change by his administration that jeopardizes some big energy projects was just a study, according to six people told at the time about what Johnson said had happened. Johnson worried the president’s memory had slipped about the details of his own policy.