Speculative bets against the S&P500 rise as index hits 5000. | MarketTalk: What’s up today? | Swissquote

Show notes

Last Friday’s inflation revisions in the US were insignificant and hinted that inflation in the US was about the same by the end of last year. The yields rose regardless but the S&P500 and Nasdaq renewed record as net short positions in the S&P500 increased on bets of imminent correction.
This week, the attention will be on the latest CPI updates from the US, the UK and Switzerland. Soothing US inflation should keep the doves in a state of near-euphoria.
Elsewhere, the positive trend of crude oil since the start of this year is becoming clearer, although the topside remains hard to drill near the $80pb level. Still, the barrel of US crude extended gains above the $77pb on Friday and is upbeat this morning – in a very slow Asian session with many Asian markets closed for Chinese New Year holiday. Israel refusing the ceasefire call from Hamas supported the latest upside move last week.
This week, OPEC and IEA will release their monthly report on Tuesday and Thursday, respectively. Attention will be paid to how they will revise their demand outlook in reaction to the global macroeconomic and geopolitical developments.
Listen to find out more!