Part 7/13:
The broader market landscape reflects a cautious stance lit by several indicators. The VIX index, a measure of implied volatility, has edged upward but remains within manageable levels, suggesting the market isn’t fully panicked. Oil prices have increased despite OPEC’s announcement of a significant ramp-up in production, creating ripples across commodities markets.
Relatedly, gold and silver are experiencing modest declines, with gold slipping to around $3,328 and silver dropping to approximately $36.80. Copper has also plateaued after a recent upward trend, hinting at stabilization in industrial metals. The U.S. dollar remains near multi-year lows, adding a layer of complexity to currency and inflation dynamics.