Goldman Trader: "This Is The Chart To Watch Over The Next Phase In The Market"

By Tony Pasquariello, Goldman head of hedge fund coverage

A highly interesting week, with a heavy dose of both the macro and the micro. We exit with a positive tone -- and the big muscle groups sitting at key positions in their respective trading ranges. Which is to say: US rates are pushing the upper end, oil has quietly surged and global equities are running (if breaking out in the US and Europe).  

As we turn the corner to what will be a quieter (and certainly less liquid) month of August, the ante has been upped for the trading community.

Authored by Tyler Durden via ZeroHedge July 31st 2023