Bits and pieces to wrap up November

It was a mixed month for equities, with the sp'500 seeing a net monthly gain of 1pt (0.1%) @ 2080 (intra low 2019). USD saw a strong monthly gain of 3.3%, settling above the DXY 100 threshold. Commodities were under pressure, with Copper -11.5% @ $2.05, whilst WTIC Oil -10.2% @ $41.65.


sp'monthly

USD, monthly

Copper, monthly

WTIC, monthly

Summary

Equity bears failed to reverse the hyper gains of October. Indeed, we now have a key higher low of sp'2019. Until the market is trading back under the psy' level of sp'2K, the bears have nothing to tout.

The USD has attained the first monthly close >DXY 100 since January 2003... almost 13 years ago.

The higher USD is naturally putting downward pressure on most commodities, as reflected in the metals and Oil.

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Bonus chart...

China, daily

The Monday net daily gain of 0.3% @ 3445, was a very fortunate late afternoon recovery for the equity bulls. No doubt the PBOC were meddling to hold key rising trend/support.
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Closing update from Riley



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Update from  Oscar


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Looking ahead

Tuesday will see PMI/ISM manu', construction spending.

*Fed official Evans is due to speak in the 12pm hour.
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Goodnight from London