Daily Brief - 🌩️ The time for USD has come

TLDR: The Fed veers hawkish, Quantitative Tightening is going ahead full steam, markets wobble, we have an ongoing bank funk, and PMIs keep falling. It’s not a bad moment to look at the greenback.

Markets’ recent turbulence is a good reminder that we’re in a transitional period. We come out of the greatest and longest bull market in US equities and some adjustments are warranted.

Banks are in a funk? That’s not the beginning and neither the end of the adjustment. If you look at the whole picture, you have falling EPS, falling PMIs, falling liquidity. The only thing that’s rising is rates.

So maybe it’s not a bad time to begin looking at the USD, especially if your holdings are in other currencies. Those 10y Treasuries look even better.

What stocks are doing well today?

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TOGGLE Leading Indicators: Waiting for that trough

We’re still in Limbo. Most indicators are in neutral gear but days like yday nudge all our Leading Indicators the bullish way. The TLI as always moved first and turned positive. Valley, Phase Shift and Rangefinder are edging closer too to a bullish bias.

• 🟦TLI
• ⬜ Rangefinder Index
• ⬜ Peak Probability Indicator
• ⬜ Trough Probability Indicator
• ⬜ Candle Breadth
• ⬜ Market Phase Shift Indicator

Learn more about the Leading Indicators in the Learn Center!

Upcoming Earnings: Gitlab releases on Monday

Click here to test what to expect when GTLB releases earnings on Monday.

Discover how other companies could react post earnings with the help of TOGGLE's WhatIF Earnings tool.

Asset Spotlight: Zoom Communications at a low

TOGGLE analyzed 5 occasions in the past where price level indicators for Zoom are close to a low and historically this led to a median increase in the stock price. However conditions seem different this time 🤔 Check it out!

General Interest: Stable Diffusion can read your mind. Seriously.

You know sometimes you have those oh f@#!* moments? This might be one.

To make a short story shorter: stable diffusion AI can reconstruct the images you are thinking about, just by looking at your brain’s magnetic resonance scan.

Yeah. AI can read your mind. We for one welcome our Big Brother AI Overlords.

Read more about it here on Google.