Fabio Cavone
Markets take a breather today — but there’s no panic After yesterday’s euphoria around the US‑Iran agreement, equities are slowing down for three clear and rational reasons: The agreement isn’t signed yet The official signing is expected on Friday, June 19th in Switzerland. Until there is full operational certainty — especially regarding traffic through the Strait of Hormuz — operators remain in wait‑and‑see mode. Markets are waiting, not fleeing. Everyone is waiting for the Fed The FOMC meeting starts today. Tomorrow, Kevin Warsh, the new Fed Chair, speaks. The +25bps hike is priced in, but the tone will be decisive. No one wants to take major positions before hearing him. Healthy profit‑taking Yesterday: Nasdaq +3%, S&P500 +1.65%, Dow Jones at a new all‑time high. After a run like that, a pullback is normal — and healthy. This isn’t weakness, it’s digestion. Summary: A technical pause, not fear. The market is waiting for confirmation — geopolitical and monetary — before choosing its next direction.
Not investment advice. The author may have financial interests in the mentioned instruments.
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