Stock markets: Reuters estimates that global stock markets lost over $1 Trillion (1.3%) in value this week as rising tensions between American and North Korea caused prices to fall. The benchmark S&P 500 Index hit All Time Highs on Tuesday but Friday's close was the lowest in over a month, creating a Weekly Key Reversal Down on the charts.
Polar Futures Group
Polar Futures Group came as a result of Victor Adair and Drew Zimmerman working together for the past 5 years. Together they offer over 50 years of experience trading in financial markets. They specialize in trading currencies, interest rates, precious metals, base metals, financial indices, energies and agricultural exchange listed futures and options contracts .
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It's an interesting combination: The major US stock indices keep making new All Time Highs, the USD has fallen ~11% since December with bearish sentiment at an extreme, credit quality spreads are narrow and volatility is extremely low across asset classes. In other words, the markets look to be set up for "change."
The USD index had its lowest weekly close in 15 months, down 10.5% from the 14 year highs made in December when bullish sentiment was at its peak on Trump’s “Make America Great Again” and as the Fed was raising interest rates while other Central Banks were not.