👀 Big Changes for US Futures Firms, Unstoppable inflows, US Dollar Breaking out

Hi guys, it’s Kieran! Another week in the markets is upon us, so lets get ourselves prepared!

📢 Prop Firm Industry News

Big changes appear to be on the way for US Futures firms, possibly as a result of impending regulation. Topstep is the first to move, making a huge change whereby if you have a live account with them you will no longer be able to trade sim accounts. This of course raises the question of why profitable futures traders would even trade with a prop firm in the first place, and might see the top prop traders simply moving to trading their personal accounts.

Even Matt from MyFundedFutures says these changes are “absolutely necessary”. This story is likely just getting started.

From Payout Junction, here are the firms who have paid out the most over the last 7 days 🏆️ 

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🕜 Economic calendar

Here are this week’s red folder news events. Wednesday is the key day to look out for, with GDP, Core PCE and FOMC Minutes all dropping within a few hours of each other.

📈 The Macro View

Money pouring into US stocks at historic levels

Per Goldman Sachs:

1. Last Week: US equities gained +$16.41B inflows

2. Previous Week: US equities saw +$55.78B inflows

3. Three Weeks Ago: US equities +$32.75B inflows

Trend: Largest 3-month inflows into US equities since 2021.

Unstoppable inflows YTD

Record $448bn YTD annualized inflows into US stocks 😵 

Clear skies until Inauguration Day

Election-year bull-runs typically extend right up until Inauguration Day...

Hedge funds continue selling the Mag7 Stocks

As we have been tracking for months, hedge funds have continued selling the mega cap stocks. Note, The Mag 7 stocks represent a 31.71% weighting in the S&P 500 index. This curious trend has continued post-election. Will keep monitoring..

Unstoppable USD

DXY (US Dollar Index) is finally breaking out of it’s 2 year range. Remember, almost all financial assets are priced in USD, so this move will have a major impact across the board. One to watch…

OK guys that’s it for this week. We are trading through extraordinary times so expect volatility, stay risk managed, and enjoy the ride. See ya next week!

Kieran

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