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Liz Thomas highlights rising market risks and notes that bullish sentiment is being challenged.
She discusses growing interest in the so-called TACO moment, a concept now quantified through indicators such as the one provided by Nomura, which has reached its highest level since the bottom observed in late March.
Earlier this week, Liz Thomas highlighted June U.S. private sector job growth from ADP and Revelio, suggesting a robust NFP report may be released tomorrow. She also recently reported that the Japanese yen reached its lowest level against the U.S. dollar since 1986, while noting that speculative positioning is currently less bearish than earlier in 2024. These developments provide context to her current focus on shifting market risks and sentiment indicators.