MacroVoices #373 Ole Hansen: Commodities Update
Macro Voices
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The Strength of the Small Cap Index
The spot right now is 3.14 approximately with key resistance above at 3.20. The implied move for the May op-ex again is $12 or so in either direction. We have Intel earnings and Amazon earnings today after the bell, then next week we have AMD, Airbnb, and then most notably Qualcomm and Apple. Will the Fed next week be that catalyst? That's certainly the thing to watch.
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