👀 FundedNext Futures launches this week, FundingTicks revamps model

Hi guys, it’s Kieran! Another wild ride in the markets last week, and its time to do it all over again. Lets get into it!

📢 Prop Firm Industry News

FundedNext have dropped details of their Futures program set to go live this week. A unique feature is the 15% performance reward for just passing the challenge which is pretty cool. They already have this on the forex side but I think they are the first firm to do this in the futures space, so worth keeping an eye on. They have not released all the details of the model yet though, namely the consistency rules, but looks pretty good so far.

FundingPips have reworked their futures offering and are now offering one single futures model. Competitions is really heating up in the futures space as these models seems to be getting better and better. It reminds me of the forex prop space a couple of years ago when the major firms were constantly updating their programs and trying to outcompete each other with better rules and lower prices. Hopefully some lessons were learned from that 😀 

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

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

🕜 Economic calendar

Here are this week’s red folder news events. US Retail Sales and J Powell speaking on Wednesday should be closely watched, as well as statements and the rate decision coming from the ECB on Thursday.

📈 The Macro View

Recovery or dead cat bounce?

A big recovery week in the equity markets last week after trump backed off his worldwide tariffs and tripled down on China. The S&P 500 welcomed the news and rallied hard. Difficult to tell if this is a true recovery or just a bounce to suck people back in long before we take out the lows and trade lower. Either way, market sentiment remains in extreme fear.

Hedge Funds are not buying it

As per UBS “hedge fund clients on Wednesday added to US single-stock shorts and actively covered ETFs.” Meaning they used the spike in liquidity not just to flatten their underwater longs, they are actively shorting here. The combined hedge fund short is about to hit the biggest in history. Yikes!

European Equities historical selling

On Goldman Sach’s Prime book, "Last week’s notional net selling in Europe was the 2nd largest on our record going back 15+years (3.5 sigma)". Anyone who got sucked into the DAX outperformance of the past few months is sitting with a lot of regret now.

The market crash thought-experiment

This chart always surfaces when we are in the midst of a crazy market sell-off. It is good to take a step back and assess where on the lifecycle you think we currently are. We usually bottom out at Despondency after Capitulation, so the question to ask yourself is did we reach this stage? or are we still in denial 😁 

OK guys that’s it for this week. Keep your risk management top of mind and i’ll see ya next week!

Kieran

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