Hello Traders,
Recent escalations between the Houthis and Saudi Arabia have poured fuel on bullish oil bets, creating a complex crosscurrent as the Trump administration scrambles to contain the yield curve and lower corporate borrowing costs.
At the same time, major retail stocks are taking a beating and slashing guidance for upcoming quarters as consumers aggressively pull back on discretionary spending.
This squeeze is becoming the ultimate stress test for the macro landscape: tracking precisely when pinched households hit their absolute breaking point, and whether that consumer exhaustion tips the broader economy over the edge into a high-risk recessionary cycle.
XRT 0.00%↑ RETAIL ETF broke below 200 moving average
POSITIONING UPDATE
