By Chris Becker
A slow week on macro markets as we pass through the quiet period of the economic calendar and caution abounds. The only remarkable technical event has been the breakdown in oil prices as long positions are unwound fast, sending both markers down to an almost one year low. Stocks remain cautious but are slowly melting up in the very accomodative interest rate environment, even as the Fed slowly touches the brakes.
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.