by Thomas Thornton | Jul 25, 2019 | Daily Note
Mario Draghi said today things "are getting worse and worse" and considering he's been at the helm of the ECB for years perhaps we should question if stimulus actually works.The risks are increasing with sentiment extreme with the S&P and Nasdaq while the upside...
by Thomas Thornton | Jul 25, 2019 | First Call
S&P futures up 0.2% after US equities finished mostly higher on Wednesday with the S&P and Nasdaq closing at record highs. Asian markets mostly better overnight with China and Australia among the standouts. European markets firmer after Draghi and ECB...
by Thomas Thornton | Jul 24, 2019 | Daily Note
Semiconductor analysts are calling a bottom in the cycle with stocks hitting highs. Multiple expansion is now the justification and rationalizing for higher prices. Central banks have less ammo this time around when multiple expansion happened in 2013 Made one...
by Thomas Thornton | Jul 24, 2019 | First Call
S&P futures down 0.3% after US equities finished with good gains in the prior session on better trade headlines and earnings. Asian markets higher overnight with China and Australia the standouts. European markets mixed to lower following Tuesday's rally....
by Thomas Thornton | Jul 23, 2019 | Daily Note
Currencies are starting to show signs of direction…finally. The US Dollar has an upside DeMark Countdown on day 3 of 13 and could start to make a move higher out of this range. All the major crosses have signs that they could fall too. The Euro naturally is on day...
