- Moving the market
The markets kicked off the day on a mixed note as U.S. and Chinese officials met in London, hoping to make headway on their ongoing trade disputes.
The talks stemmed from a lengthy phone call between Trump and Xi last week, with both sides aiming to avoid a full-blown trade war. As a goodwill gesture, both countries agreed to temporary tariff cuts last month while negotiations continue.
Investors are also keeping a close eye on inflation this week. The Consumer Price Index (CPI) drops Wednesday, followed by the Producer Price Index (PPI) on Friday, and a fresh read on Consumer Sentiment.
Midday optimism didn’t last long—stocks lost steam by the close, with only the Nasdaq managing a modest gain. Apple shares slipped after its much-anticipated developer conference failed to impress.
The dollar didn’t budge, but crypto made a move. Bitcoin surged over 4%, climbing toward $109K and pulling Ether up with it.
In the bond market, 10-year yields stayed flat after last week’s surge. Gold inched up slightly, but silver stole the spotlight, jumping to nearly $37—its highest level since 2011.
As ZeroHedge noted, if silver clears that level, the path to its all-time high of $50 might be wide open.
So, here’s the big question:
Is silver finally ready to shine after all these years?
Continue reading…
2. Current domestic “Buy” Cycle (effective 5/20/2025); International “Buy” Cycle (effective 5/8/25)
Our domestic bullish cycle that began on November 21, 2023, concluded on April 3, 2025, following a market downturn triggered by President Trump’s tariff policy announcement.
This development caused significant declines across major indexes and broader market indices. However, markets subsequently rebounded, culminating in a new domestic “Buy” signal taking effect May 20, 2025.
Concurrently, our International Trend Tracking Index (TTI) experienced parallel volatility. On April 4, 2025, it breached critical thresholds, prompting a “Sell” recommendation. This position reversed as global markets recovered, with the International TTI regaining sufficient momentum to issue a new “Buy” signal effective May 8, 2025.
3. Trend Tracking Indexes (TTIs)
With no real progress on a U.S.-China trade deal, the markets drifted through the day without much direction. By the close, there wasn’t a whole lot to show—no big gains, no major losses.
Our TTIs bounced around a bit too, but in the end, the changes were pretty minor and didn’t really move the needle.
This is how we closed 06/09/2025:
Domestic TTI: +1.56% above its M/A (prior close +1.55%)—Buy signal effective 5/20/25.
International TTI: +6.66% above its M/A (prior close +6.87%)—Buy signal effective 5/8/25.
All linked charts above are courtesy of Bloomberg via ZeroHedge.
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