March 5, 2023

Eye of the Storm Podcast – Big Picture Update – SPX, NDX, Treasuries + US Dollar Index 3/04/2023 by Michael Filighera

Today’s podcast covers the equity indexes and treasuries. Interest rates dominated trade last week with the treasury futures also dominating trade. I update the EW counts for both the SPX and NDX brining into focus last week’s moves with a stronger focus on Thursday and Friday. I also step behind the curtain to bring into focus what actually was behind the moves. I bring into the conversation how the interest rate debate or decision gets priced into equities.

In the Treasuries, I update the EW counts and introduce an important “Alternate” count. I also bring into the discussion the Fed Funds futures, which continue to sink with rates rising.

Lastly, I discuss the US Dollar and the likely path for this currency as dealers and traders work through future rate hikes.

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