(overall, another clear day of client gains - maybe a bit worse than B/E shorting NDX amply evened out by a gold long)
"Heading Into NVDA"
Earnings tomorrow, and where is the habitual tech bidding up beforehand? Still as I told to clients at yesterday‘s opening bell, Monday‘s regular session start was not the time to be excessively bearish, and money was to be made on the long side, It‘s fairly obvious whther higher highs or lower highs / lows are being made – and the Bessent speech heavily focusing on economic pressure through forcing sides whether by allies or not, crowned by the final sentence shared with clients that the purpose is obviously not to blow up the financial system.
So that‘s the context of yesterday‘s session that saw little, but positive move in yields accompanied by precious metals making no true daily progress as I called on them to enter consolidation phase. Where does it leave us today considering the premarket bid in equities and bonds?
August 25, 2026 129
