Top Trade Ideas - June 26th

10 trading ideas to watch this week.

US equities sold off, but crypto held strong last week, reaching a new 52-week high.

We’ve scanned through the markets and have found crypto-related stocks that we think have good setups for a move higher and also some weaker US names for continued moves lower. Some of the weaker names last week included energy stocks and small caps.

One bit of data that caught our eye was this post below, credit to Ryan Detrick of Carson Group LLC.

Since the early 1950s, when the S&P 500 index climbed more than 10% through June, it has risen by a median of 10% in the second half.

GBP dominated price action in the G10 FX space last week. The hike of 50bps from the Bank of England, along with core inflation rising, all points to bad news for the Pound in both the short and medium term.

Up ahead this week, we get a pause from central bank meetings. On the data front, we are watching Aussie inflation Tuesday, US Q1 GDP Thursday and EU inflation Friday.

Equities