Context opened the week at +20, it's now flipped...
Remember that CONTEST is an ES model based on the fact that risk assets tend to move together, by looking at a composite model of what risk assets are doing, they get an ES model "Fair price" and these assets are wide ranging unlike the SPY Arbitrage, they include: interest-rates and curves, credit risk, CDS, FX carry, commodities, and precious metals among others.
As of 9:17 a.m. CONTEXT was at a negative 16 ES point differential-ES is the SPX futures (e-mini)
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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