Last Week in Review
The previous week delivered a mixed performance across markets, but risky assets ended on a positive note, with the S&P 500 closing up 1%. Key highlights included:
- CPI Data: Slightly underwhelming.
- PPI Data: Came in better than expected.
- Trump–Putin Meeting: Offered little in terms of actionable insights.
For a deeper dive, check out last week’s posts:
- What a Week! PPI Surprises, Power Moves, and Red Markets!!!
- Midweek Market Recap: CPI, Trump, and What’s Next?
Economic Highlights for This Week
This week, the U.S. economic calendar is relatively light, but there are still important events to watch:
- United States: PMI data, FOMC statement, speeches from Federal Reserve members, and the Jackson Hole Symposium.
- Canada & Europe: Inflation data for Canada, the UK, and the Eurozone.
Overall, I expect market consolidation with a slight upside bias. The PMI will also provide clues about the inflationary impact of Trump’s recently implemented tariffs. Additionally, I’ll be monitoring:
- Comments from Trump and Russia following their recent meeting.
- Statements from Federal Reserve officials.
How I’m Positioning for the Week
I’m focusing on three assets: Gold, Palladium, and ETH.
Gold
I’ll remain on the sidelines for now. Gold is currently range-bound. While there are opportunities for small gains, I generally avoid trading within ranges unless I see clearer signals during the week.
Palladium
Technically, Palladium is in a buying zone. I’m already in a long position (entered a bit early). I expect Palladium to benefit from uncertainty, especially since the Trump–Putin meeting didn’t provide much clarity. Russia, being a major producer of Palladium, adds to the bullish case. That said, I’m monitoring this trade cautiously.
ETH (Ethereum)
As a risk asset, I’m only looking for buying opportunities. There seems to be some profit-taking at the moment, but with the Fed rolling back Biden-era policies, I expect a positive impact and potential upside. However, technically, it’s not ready yet.
Final Thoughts
At the end of the day, we’re not market makers—we follow the trend. I’ll remain flexible and adjust as new information emerges. Let’s stay calm, avoid rushing, and aim for a profitable week.
Disclaimer: This is not financial advice. The content shared here reflects my personal opinions and observations on current market events. Please consult a licensed financial advisor before making any investment decisions.