Posted inDaily Update Dennis Leontyev
Gold Correction?
The Gold market has been consolidating over the last two months after a powerful run on the upside. As the chart illustrates, previous pullbacks were bought when GLD (Gold ETF)…
Posted inDaily Update Dennis Leontyev
Resilient Stock Market
S&P 500 is just a few points away from the all-time high. This year, the market has faced multiple issues, including tariffs, wars, a weakening economy, extreme overvaluations, and inflation…
The Impact of Conflict in Iran on the Crude Oil Market
Understanding Geopolitical Tensions and Their Ripple Effects Introduction The crude oil market is one of the most sensitive global commodities markets, significantly influenced by geopolitical tensions. Among the most critical…
Posted inDaily Update Dennis Leontyev
No Change in Fed Fund Rates
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…
Posted inDennis Leontyev Daily Update Market Update
Market Update 06/16/2025
Not So Stable Economy The stop-and-start trade wars have effectively created a stop-and-go economy — one that is subject to the whims of the president and his daily pronouncements about…
Posted inDaily Update Dennis Leontyev
Israel Iran War
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…
Posted inDaily Update Dennis Leontyev
VIX May Hold the Clue
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…
Posted inDaily Update Dennis Leontyev
Small Caps vs. Large Caps
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…
Posted inDaily Update Dennis Leontyev
Market Update 06/09/2025
Volatility Predicts Volatility The 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…
Posted inDaily Update Dennis Leontyev
Volatility Predicts Volatility
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…
