Key Points
- Brent crude futures (June’26) rose to $103.68 per barrel.
- The S&P 500 reached a new high. However, the bull signal has not been confirmed by the Dow and the S&P 1500 Transportation Index.
- The Fed has injected $170 billion of liquidity into financial markets since December 2025.
- 10-year Treasury yields found support at 4.25%, while gold is headed for another test of support at $4,500 per ounce.
Brent crude futures (June’26) broke resistance at $100 per barrel and are now testing $104.
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Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.