Posts by Dennis Leontyev

The Federal Reserve left the rates unchanged at 4.25% - 4.50%. That was expected. Historically, the Fed follows the 2-Year Note rate with a slight lag. The 2-year note is…

Israel’s Prime Minister Benjamin Netanyahu has confirmed Israel struck nuclear targets in Iran and said the operation will continue for many days. The immediate market reaction is as follows: S&P…

VIX is arguably the most critical indicator for recognizing the market environment. There are no absolute highs and lows for the VIX, but it is mean-reverting. This is natural for…

Over the last four and a half years, we have observed a consistent pattern: large caps have massively outperformed small caps. This is quite unusual, considering that stocks have primarily…

S&P 500 is close to all-time highs. VIX is at 17. VIX is a bit elevated. The clue lies in the VIX futures, which are significantly higher. In a typical…

The US Dollar is having a miserable year. There are several reasons why the dollar is currently weak, including tariff uncertainty, a higher likelihood of a recession, and capital outflows…

There are indicators that show us where the money is flowing. Intermarket relationships may provide some subtle clues. A notable example is the ratio between consumer discretionary stocks (risk-on) and…

The rare earth metals market has been depressed for three years. This year, however, they became the center of geopolitical arguments. After all, China controls 92% of the rare metals…

It is well known that Gold and Silver are highly correlated with each other. Sometimes Gold leads and Silver follows; other times it is the opposite. Gold has performed exceptionally…

Wall Street was pleased with Nvidia’s quarterly report on Wednesday. Still, the CEO Jensen Huang said the company is leaving billions of dollars in revenue on the table because it can…