👀 FastTrackTrading disappears, FOMO kicking in, China buying Gold

Hi guys, it’s Kieran! The US Election has passed and normal programming has resumed. Still a couple more months before Trumps gets the keys to the White house, but expect every word he says from now on to give markets some welcome volatility, so hold on to your hats 😁 

📢 Prop Firm Industry News

FastTrackTrading has finally disappeared, leaving a trail of destruction in it’s wake. Payout cancellations, delays and general chaos has been the hallmark of this firm these past couple months, after starting off like a rocket, paying out millions to traders through it’s instant funding model which was not sustainable in the end.

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

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Monitor prop firm payouts LIVE on Payout Junction -https://payoutjunction.com.

🕜 Economic calendar

Here are this week’s red folder news events. US PPI and Unemployment on Thursday, followed by US Retail Sales on Friday are the biggest events to look out for, although there is huge headline risk every time Trump speaks so stay on your toes.

📈 The Macro View

BOOM….positioning takes off

Finally, a spike. Positioning in the S&P500 on Goldman Sach’s Prime book has exploded higher. As we spoke about each week before the election, despite the huge rally, FOMO was being held-back until the results were in. Well now, with less uncertainty, it feels ‘safer‘ to get long. This is where FOMO needs to be watched carefully. Positioning now ‘streched’.

Overall Market Sentiment ticks into ‘Greed’.

Not extreme yet though, so could still have room to run.

MAJOR Tech outflows

Biggest 4 week outflows from tech since 2002! These are the market generals. If we are to go higher, what is going to take us there?

The Greenback

US Dollar Index has traded green for 6 straight weeks, it’s longest winning streak since February. Trump, tariffs, rates, geopolitical risk all in play.

China buying Gold again

People’s Bank of China (PBOC) is back buying the shiny metal...and this matters for prices.

BTC > XAU

BlackRock's Bitcoin ETF has surpassed its Gold ETF after seeing an all-time high inflow of $1.1 Billion on Thursday. NOTE: BlackRock's Gold ETF launched almost 20 years ago.

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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