- The Opening Print
- Posts
- Russian Geopolitical Tension Intensifies
Russian Geopolitical Tension Intensifies
Danny Riley
November 21, 2024
Follow @MrTopStep on Twitter and please share if you find our work valuable!
Our View
The early headlines had a significant impact on the ES and NQ price action. Target (TGT) missed both its Q3 earnings and revenue estimates, lowering its full-year guidance and causing a 21% drop in its stock. Meanwhile, Ukraine launched UK-supplied Storm Shadow missiles at Russia for the first time and the Fed's Collins stated that further rate cuts are needed as current monetary policy remains too restrictive. These are just a few examples of the headlines making waves.
The noise is getting louder, and I believe it’s going to keep escalating through the end of the year and into the period after Trump takes over.