Down in choppy trade.
China, Hong Kong, India, and UK the big greens last night and this morning.
Per the FT, "Standard Chartered will increase its threshold of investable client assets to $5 million from $2 million this year. The bank will concentrate on attracting families and people with at least $30 million in investable assets."
Like this one:
Sold: the Pink Star diamond sells for $71.2 million, becoming the world's most expensive gemstone
Investable is relative and subject to the whims of social mood. Assets are only worth what someone else will pay.
Socionomically, keeping up with a global liquidity bubble requires bigger, better, faster. Even if historians make "predictions" by extrapolating the present.
MXN big mover today, weaker. Also notably weaker: AUD, CAD, SEK, NZD.
Price and volume took over yesterday, finally. Needs strong continuation, however, to lift the pattern out of its corrective appearance.
WTI crude slightly higher, firmly in the middle of its weekly rising wedge. Big trades take time.
NG up nearly 1% from choppy pullback.
Gold caught a bid but not yet enough to crest its 1264.90 swing point. Silver, platinum, and palladium rallying as well. Copper down.
So much for the fresh 2nd Qtr inflows. Yesterday was a down day with a bounce. Last night was down again but thus far holding above yesterday's lows, leaving the indexes in the middle of the page with options for either higher or lower.
5282.73 is a clear stop for me on the NDX 100 which I've been watching and trading lately due to its attractive patterns. It's whippy though.
Holding above 5382.73 could see another new high. (Would want to sell it.)
As for the S&P, as long as 2322.25 holds, there is the potential for a rally into the 2376-2380 area.